Seoul: South Korea has not been officially notified of U.S. President Donald Trump's decision to raise reciprocal tariffs and auto duties, according to Cheong Wa Dae. The announcement from the presidential office came after Trump's social media post indicating his intent to increase tariffs on South Korea from 15 percent to 25 percent. This move is reportedly in response to the South Korean legislature's delay in completing the domestic process for implementing a bilateral trade agreement.
According to Yonhap News Agency, Cheong Wa Dae issued a press notice stating that there has been no official communication or explanation from the U.S. government regarding the tariff hike. In light of this development, Kim Yong-beom, the presidential chief of staff for policy, is expected to organize an interagency meeting to formulate South Korea's response to the unexpected move.
Furthermore, Industry Minister Kim Jung-kwan, who is currently in Canada, is planning to visit the United States shortly. The purpose of his visit will be to engage in discussions with U.S. Commerce Secretary Howard Lutnick to address the issue at hand. The South Korean government is seeking to resolve the matter through diplomatic channels and clear communication with the U.S. administration.