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
UAE welcomes efforts to defuse tension, maintain stability in the region, says Abdullah bin Zayed
2
UAE to participate in Tan-Tan Moussem in Morocco
3
Sheikh Zayed Grand Mosque receives 17,2695 visitors during Eid al-Fitr
4
Medical Liability Law will strengthen health sector and reduce medical errors, says MoHAP
5
Op-Ed: UAE focuses on overcoming the impossible
6
Mohamed bin Zayed receives German FM
7
Mohamed bin Zayed, Chairman of Vista Equity Partners explore joint technological cooperation
8
Journalists in Nepal Discuss Media Responsibility for Global Peacebuilding
9
Sharjah Police Chief meets graduates of Sharjah Police Academy
10
Moon embarks on Northern Europe tour with focus on peace, innovative growth
Photo News Green Biz
World Green Economy Summit 2018 concludes
World Green Economy Summit 2018 co...
min
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
Photo News Sports
Sharjah welcomes delegates of 24 countries participating in Special Olympics Abu Dhabi
Sharjah welcomes delegates of 24 c...
min
Mohammed bin Rashid attends 'UAE Tour'
Mohammed bin Rashid attends 'UAE T...
min
Koreas to field joint teams in 4 sports at 2020 Tokyo Olympics
Koreas to field joint teams in 4 s...
min
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
Photo News World
Sharjah welcomes delegates of 24 countries participating in Special Olympics Abu Dhabi
Sharjah welcomes delegates of 24 c...
min
Mohammed bin Rashid attends 'UAE Tour'
Mohammed bin Rashid attends 'UAE T...
min
Koreas to field joint teams in 4 sports at 2020 Tokyo Olympics
Koreas to field joint teams in 4 s...
min
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
Photo News Opinion
Hyundai Heavy shareholders OK split-up plan amid labor opposition
Hyundai Heavy shareholders OK spli...
min
Seoul revokes license for gene therapy drug Invossa
Seoul revokes license for gene the...
min
OECD cuts growth outlook for S. Korea's economy to 2.4 percent
OECD cuts growth outlook for S. Ko...
min
S. Korea's potential growth rate to drop to 2.5 pct through 2022: KERI
S. Korea's potential growth rate t...
min
Moon pledges gov't support for non-memory chip businesses
Moon pledges gov't support for non...
min
Shareholders reject reappointment of Korean Air chief
Shareholders reject reappointment ...
min
Yonhap files complaint against News1 over unlawful distribution of Rodong Sinmun content
Yonhap files complaint against New...
min
President Moon names 7 new ministers in Cabinet reshuffle
President Moon names 7 new ministe...
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