World trade: South Korea and the USA are planning customs negotiations

South Korea will negotiate the tariffs threatened by President Donald Trump next week. According to the government statements, Seoul will send Minister of Commerce Minister Ahn Duk Geun and Finance Minister Choi Sang Mok to Washington on Thursday and Friday. The negotiations take place at the request of the US government.

South Korea does not want to “defend”

Previously, temporary president Han Duck has already signaled an oncoming attitude. “South Korea will not defend itself against the US tariffs,” said Han in an interview with the “Financial Times”. Among other things, he emphasized South Korea’s historical guilt compared to the United States. “After the devastation of the Korean War, the United States gave us help, technology transfer, investments and security guarantees,” said the 75-year-old. South Korea’s prosperity is highly due to the help of the United States.

At the beginning of the month, Donald Trump decided to “reciprocal Zölle” in the amount of 25 percent against South Korea before announcing a 90-day suspension of the measures. South Korea’s export -heavy economy is likely to be hit particularly strongly by the tariffs.

Prime Minister Han Duck Soo in the Financial Times (English)