South Korea requests to be excluded from Trump's efforts to increase tariffs https://www.taxtmi.com/news?id=34760 South Korea requested exclusion from proposed US reciprocal tariffs and potential product-specific duty increases, arguing bilateral duties are already low under the free trade agreement and highlighting Korean investment contributions to the US. Officials warned that expanded duties on semiconductors, cars and pharmaceuticals would pose greater risk than current steel and aluminum tariffs, and convened policy reviews and diplomatic engagement to assess impacts and communicate Seoul's position to US authorities. en-us Fri, 21 Feb 2025 08:31:03 +0530 Fri, 21 Feb 2025 08:31:03 +0530 TaxTMI RSS Generator South Korea requests to be excluded from Trump's efforts to increase tariffs https://www.taxtmi.com/news?id=34760 South Korea requested exclusion from proposed US reciprocal tariffs and potential product-specific duty increases, arguing bilateral duties are already low under the free trade agreement and highlighting Korean investment contributions to the US. Officials warned that expanded duties on semiconductors, cars and pharmaceuticals would pose greater risk than current steel and aluminum tariffs, and convened policy reviews and diplomatic engagement to assess impacts and communicate Seoul's position to US authorities. News - Fri, 21 Feb 2025 08:31:03 +0530 https://www.taxtmi.com/news?id=34760