South Korean Steelmakers Push for Tariff Relief Amid Rising US Trade Pressure

Post Views: 305 South Korea Steel Tariffs South Korean Steelmakers Struggle Under US Tariff Pressure South Korean steelmakers continue to face mounting pressure in the US market as trade talks fail to ease heavy import tariffs. Hopes were high after South Korea secured reduced tariffs on other exports in July. However, President Lee Jae Myung’s meeting with former President Trump on August 25 did not deliver relief for the steel sector. The US first imposed a 25% tariff on South Korean steel under Section 232 in March. In June, this increased to 50%, nullifying South Korea’s earlier quota-base...