eseoulpost
BusinessMarkets
Gov't mulling measures over possible U.S. tariffs on automobiles
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2019.01.27  
트위터 페이스북 미투데이 요즘 네이버 구글 msn

SEJONG, Jan. 25 (Yonhap) -- South Korea's government vowed Friday to thoroughly prepare for the possibility of U.S. tariffs on foreign automobiles.

 Lee Ho-seung, the first vice minister of economy and finance, made the comments in a meeting with officials on innovation-led growth in Seoul, but he did not elaborate on what that might mean.

 His remarks came as Washington is set to issue a report on its ongoing probe into foreign automobiles by Feb. 17.

 South Korea is worried about potential U.S. tariffs on South Korean automobiles on national security grounds based on Section 232 of the Trade Expansion Act.

 South Korea exported 720,000 vehicles to the U.S. in 2017, compared with 1.96 million vehicles shipped there by Japan and 710,000 units from Germany, according data compiled by the Institute for International Trade.

 South Korea has made concessions on automobiles in the revised bilateral free trade deal that went into effect earlier this month, but U.S. President Donald Trump has threatened to invoke "Section 232" tariffs on foreign vehicles on national security grounds.

 Earlier this month, Hong Nam-ki, the minister of economy and finance, met with U.S. Ambassador to South Korea Harry Harris and called for an exemption from U.S. tariffs for South Korean automobiles.

 In December, Hong made a similar request to U.S. Treasury Secretary Steven Mnuchin during a phone conversation.

 Wendy Cutler, a former U.S. official who negotiated the original free trade deal with South Korea in 2007, has said that it is inconceivable that Trump will rule against South Korea, as Seoul has made concessions in the free trade pact and is a strong ally of Washington.

 The U.S. has conducted 16 investigations, mostly into oil imports, under Section 232 of the Trade Expansion Act since 1962. Most of the probes determined that the imports posed little threat.

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Local Press: UAE’s digital embrace key factor in success
2
UAE, Korea renew AED20 billion Bilateral Currency Swap Agreement
3
Nominations for Gulf Capital - Abu Dhabi Festival Visual Arts Award closes on April 17
4
UAE participates in 5th ARCP meeting
5
Saudi Arabia unveils pavilion design for Expo 2020 Dubai
6
Salama Al Tunaiji elected chairperson of 16th ‘Sharjah Children Shura’
7
UAE Press: An astonishing illustration of growth and ability
8
Yemeni Prime Minister lauds Saudi-led Arab Coalition support
9
Cleveland Clinic Abu Dhabi to build Oncology Centre in UAE capital
10
Emirates to deploy latest Boeing 777-300ER to Riyadh and Kuwait
Photo News Green Biz
Restoration of nature requires actions of many :Al Zeyoudi
Restoration of nature requires act...
min
Al Zeyoudi to head UAE delegation to upcoming Global Climate Action Summit in California
Al Zeyoudi to head UAE delegation ...
min
Plastic wastes from Korea legal: MisOr ecozone exec
Plastic wastes from Korea legal: M...
min
Spotlight on UAE's environmental efforts at Urban Sustainability Week
Spotlight on UAE's environmental e...
min
DEWA invites customers to take up Shams Dubai to generate onsite solar power
DEWA invites customers to take up ...
min
Photo News Sports
Over 500 Paralympic athletes to compete in IWAS World Games 2019 on Sunday in Sharjah
Over 500 Paralympic athletes to co...
min
New York City FC announces preseason in Abu Dhabi
New York City FC announces preseas...
min
AFC Asian Cup UAE 2019
AFC Asian Cup UAE 2019
min
VP crowns Abdullah Al Marri winner of Mohammed Bin Rashid Endurance Cup
VP crowns Abdullah Al Marri winner...
min
Welcome to the land of Zayed, land of tolerance, Nahyan bin Zayed tells 2019 AFC Asian Cup teams
Welcome to the land of Zayed, land...
min
World Taekwondo Grand-Prix Final launched in Fujairah
World Taekwondo Grand-Prix Final l...
min
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Photo News World
Over 500 Paralympic athletes to compete in IWAS World Games 2019 on Sunday in Sharjah
Over 500 Paralympic athletes to co...
min
New York City FC announces preseason in Abu Dhabi
New York City FC announces preseas...
min
AFC Asian Cup UAE 2019
AFC Asian Cup UAE 2019
min
VP crowns Abdullah Al Marri winner of Mohammed Bin Rashid Endurance Cup
VP crowns Abdullah Al Marri winner...
min
Welcome to the land of Zayed, land of tolerance, Nahyan bin Zayed tells 2019 AFC Asian Cup teams
Welcome to the land of Zayed, land...
min
World Taekwondo Grand-Prix Final launched in Fujairah
World Taekwondo Grand-Prix Final l...
min
Koreas agree to formally inform IOC of intent to co-host 2032 Olympics
Koreas agree to formally inform IO...
min
Etisalat sponsors UAE Paralympics at Asian Para Games
Etisalat sponsors UAE Paralympics ...
min
Photo News Opinion
Moon calls for bold shift to 'new Korean Peninsula regime'
Moon calls for bold shift to 'new ...
min
S. Korea will strengthen income-led growth policy after making changes: finance minister
S. Korea will strengthen income-le...
min
PyeongChang Olympic facilities to be turned into nat'l archives, training center
PyeongChang Olympic facilities to ...
min
Ex-Prime Minister Hwang elected new chief of main opposition party
Ex-Prime Minister Hwang elected ne...
min
Samsung chief's attendance at Samsung Elec board meeting drawing focus
Samsung chief's attendance at Sams...
min
President Moon appoints new head of Seoul National University
President Moon appoints new head o...
min
President reaffirms efforts to build 'inclusive' nation
President reaffirms efforts to bui...
min
Moon blasts opposition lawmakers for denying 1980 democracy movement
Moon blasts opposition lawmakers f...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com