9 Mar 2018
USD officials responding "positively" to tariff waiver - South Korean Presidential Office
Comments coming from the South Korean Presidential Office regarding trade and the new US tariffs on steel and aluminum.
Key highlights:
- S. Korean national security director Chung Eui-yong asked for a waiver on steel tariffs during discussions at the White House regarding North Korea.
- S. Korea notes there was a "positive reaction" by US officials on the matter.
- So far the US has expressed a willingness to grant exemptions to everyone that has asked for one.
- Unclear what the exemptions would be based on.
- Stiff retaliation expected from countries that don't get an exemption.