President Donald Trump listens to a question from a reporter before signing an executive order in the Oval Office of the White House in Washington, Monday, March 31, 2025. (Yonhap-AP)
President Donald Trump listens to a question from a reporter before signing an executive order in the Oval Office of the White House in Washington, Monday, March 31, 2025. (Yonhap-AP)

The United States has decided to reduce its anti-dumping tariffs on South Korean epoxy resins, Seoul's trade minister said Wednesday.

The US Department of Commerce on Monday made a decision to levy a tariff of 5.68 percent to 7.6 percent on South Korean epoxy resins, far lower than the earlier proposal of up to 24.65 percent last year, according to the Ministry of Trade, Industry and Energy.

The ministry attributed the reduction to active complaints from the South Korean government and domestic companies, which pointed out a significant ministerial error in the preliminary decision issued in November 2024.

A final ruling is expected to be delivered in May.

Epoxy resins are chemical compounds widely used in coatings, waterproof paints, flooring materials and reinforcements. (Yonhap)