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The mian constructing of Cheong Wa Dae / Joint Press Corps
Screenshot from U.S. President Donald Trump’s Fact Social account
South Korea’s presidential workplace stated it could reply calmly to U.S. President Donald Trump’s shock announcement of upper tariffs, stressing its dedication to implementing bilateral commerce agreements and sustaining shut communication with Washington.
“The federal government plans to convey its agency intention to meet the tariff settlement to the US, whereas responding in a composed method,” presidential spokesperson Kang Yu-jung stated in a written assertion, Tuesday.
Based on Kang, the presidential workplace convened an emergency assembly earlier within the day to evaluate the state of affairs and focus on response measures following Trump’s announcement of tariff will increase.
The assembly was chaired by presidential chief of employees for coverage Kim Yong-beom and Nationwide Safety Adviser Wi Sung-lac, and attended by key ministerial officers, together with senior presidential aides. Additionally collaborating by telephone had been Presidential Chief of Workers Kang Hoon-sik and Trade Minister Kim Jung-kwan, who’re at the moment in Canada as a part of a strategic financial cooperation delegation.
In the course of the assembly, officers reviewed the progress of a proposed particular act on strategic funding administration between Korea and the US, submitted to the Nationwide Meeting on Nov. 26 final yr as a follow-up measure to ongoing tariff negotiations.
Minister Kim Jung-kwan additionally plans to journey to the US on the earliest alternative to carry talks with U.S. Commerce Secretary Howard Lutnick, Kang stated.
Earlier within the day, President Trump posted on social media that he would elevate tariffs on vehicles and different South Korean items, citing delays by South Korea’s Nationwide Meeting in passing laws wanted to implement bilateral commerce agreements.
“South Korea’s Legislature shouldn’t be dwelling as much as its Cope with the US,” Trump wrote. “As a result of the Korean Legislature hasn’t enacted our Historic Commerce Settlement, which is their prerogative, I’m hereby growing South Korean TARIFFS on Autos, Lumber, Pharma, and all different Reciprocal TARIFFS, from 15% to 25%.”
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