South Korea to discuss 50% tariff on steel products with US, ministry says
02/06/2025 01:32
SEOUL, June 2 (Reuters) - South Korea's Industry Ministry said on Monday it will respond to the new 50% U.S. tariff on steel products as part of the country's ongoing trade discussions with Washington in order to minimise the impact on industry. The ministry held a meeting with officials from the country's major steelmakers, including POSCO and Hyundai Steel, it said in a statement. (Reporting by Jack Kim Editing by Ed Davies) ((jack.kim@thomsonreuters.com; +822 6936 1455;))
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