Industry minister vows efforts to reach 'fair' tariff deal with US amid growing trade uncertainties

The Korean government will do its "utmost" to reach a "reasonable" and "fair" tariff agreement with the United States, the industry minister said Monday, vowing efforts to safeguard Korea's economy amid growing uncertainties in global trade. "We are continuing talks with Washington to iron out differences over the details of the creation and management of Korea's investment package for the U.S., and will do our utmost to reach a reasonable and fair agreement (with the U.S.) prioritizing our national interests," Industry Minister Kim Jung-kwan said during the annual parliamentary audit of government organizations. Kim said the Seoul government will use the tariff deal with the administration of U.S. President Donald Trump as an opportunity to help Korea's strategic industries expand their foothold in the world's largest economy. Since striking a framework trade deal in late July, the two countries have been working to settle their differences over how to finance the $350 billion investment Korea plans to make in the U.S. and share profits. "We are facing heightened uncertainties amid theWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times