Seoul to work with US to uphold 15% tariff rate: Cheong Wa Dae
Under the new scheme, South Korea is subject to 12.5 percent tariffs along with Japan and Switzerland.
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Summary
Under the new scheme, South Korea is subject to 12.5 percent tariffs along with Japan and Switzerland. Under the measure, economies that prohibit imports produced with forced labor, or have committed to doing so, face a 10 percent tariff, while most others are subject to a 12.5 percent rate. A product already subject to an MFN tariff of 12.5 percent or more will face no additional duty.
Furthermore, "We will also continue close consultations with the U.S. side to ensure the balance of interests secured through the existing Korea-U.S. tariff agreement." brk@yna.co.kr (END).
Cross-referenced from 2 sources.
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Under the new scheme, South Korea is subject to 12.5 percent tariffs along with Japan and Switzerland.
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Reported detailssecondary facts, each attributed to its source
Under the measure, economies that prohibit imports produced with forced labor, or have committed to doing so, face a 10 percent tariff, while most others are subject to a 12.5 percent rate.
according to The Korea HeraldA product already subject to an MFN tariff of 12.5 percent or more will face no additional duty.
according to The Korea Herald"We will also continue close consultations with the U.S. side to ensure the balance of interests secured through the existing Korea-U.S. tariff agreement." brk@yna.co.kr (END)
according to Yonhap News
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