South Korea-US ties | Korea evades steel tariffs, wins quota from US in quick FTA tweak

Korea evades steel tariffs, wins quota from US in quick FTA tweak

Strong-armed trade negotiations appear to have gone smoothly, but upcoming summits remain the top concern in Seoul

March 26, 2018 6:46 PM (UTC+8)
South Korean Trade Minister Kim Hyun-chong speaks during a briefing at the Foreign Ministry in Seoul on March 26, 2018.
Seoul has agreed to cut steel exports to the US by 30% and accepted extended tariffs on South Korean pickups to secure a revised trade deal with the US and escape Washington's steel duties. Photo: AFP via Yonhap
South Korean Trade Minister Kim Hyun-chong speaks during a briefing at the Foreign Ministry in Seoul on March 26, 2018. Seoul has agreed to cut steel exports to the US by 30% and accepted extended tariffs on South Korean pickups to secure a revised trade deal with the US and escape Washington's steel duties. Photo: AFP via Yonhap