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소아쌤

Trump has not mentioned exemptions to steel tariffs: US commerce secretary

By Yonhap

Published : March 5, 2018 - 09:32

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WASHINGTON -- US President Donald Trump has so far made no indication he will exempt certain countries from tariffs on steel imports, US Commerce Secretary Wilbur Ross said Sunday.

Trump is expected to impose tariffs on steel and aluminum imports this week, a move certain to affect South Korean steel producers. On Thursday, he said he would introduce a tariff of 25 percent on steel and 10 percent on aluminum.

The announcement was met with angry responses from China to Europe, which vowed to retaliate against Harley-Davidson motorcycles and blue jeans, among other things.

"I know he's had conversations with (a) number of the world leaders," Ross told ABC News when asked if the president will consider exempting allies such as Canada and Mexico. "The decision, obviously, is his. But as of the moment, as far as I know, he's talking about a fairly broad brush."

Ross added, "I have not heard him describe particular exemptions just yet."

(Twitter) (Twitter)

Earlier in the day, a major Korean business lobby, Federation of Korean Industries, said it has asked 565 US lawmakers, officials and opinion leaders to press the Trump administration to reconsider the action.

"We understand the Trump administration's efforts to reduce the US trade deficits, but it has to reconsider the intensifying import restrictions on South Korean steel products," GS Group Chairman Huh Chang-soo, who heads the FKI, said in the letter.

The proposed steel duty is the latest in a series of US trade remedies, including safeguard duties imposed on Korean washers and solar panels earlier this year.

South Korea shipped 3.6 million tons of steel products to the US last year, becoming the No. 3 steel exporter after Canada and Brazil, according to the US Department of Commerce.

The new duties, in addition to the incumbent heavy tariffs, would sharply raise prices of South Korean exports, hurting their price competitiveness against American manufacturers, according to South Korean industry officials. (Yonhap)

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