You are here: Home » News-IANS » Politics
Business Standard

S.Korea slams new US tariffs, mulls protest at WTO

IANS  |  Seoul 

The on Friday slammed the US government's decision to impose new tariffs on and aluminium imports and said that it was considering protesting against the measure at the Trade Organisation (WTO).

"We express regret over the US government's decision to impose tariffs on even though the has pointed out the problems of this action through various channels," said South Korean Trade, Industry and Energy during a meeting with representatives of companies.

"If this action takes effect, it would inevitably deal a serious blow to South Korea's exports to the US."

The said that will continue to have dialogue with us for the exemption or exclusion of certain products, and at the same time explore ways to protest the decision to the WTO if does not accept its demands, reports news.

The new US tariffs, which have been added to previous ones on specific products, will be 25 per cent for imports and 10 per cent for aluminium and affect all countries that sell them to the US with initial exemptions for and

sent 3.6 million tonnes of to the US in 2017, making it the third largest exporter to the country after and



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 13:36 IST