The Korea Times
South Korea will carefully assess how the Trump administration's move to raise tariffs on the European Union (EU)'s autos and trucks could affect its own trade deal with the United States and respond accordingly, a Cheong Wa Dae official said Saturday. The comments came after U.S. President Donald Trump said Friday (local time) that his administration will increase tariffs on cars and trucks from the EU to 25 percent next week, from the 15 percent rate agreed under last year's tariff deal. Prior to the agreement, the rate had been set at 27.5 percent. The announcement draws attention in Seoul, as South Korea has a similar tariff deal with the U.S. under which the rate was reduced to 15 percent from 25 percent. "We will monitor related developments, analyze potential impact on us and respond accordingly," a Cheong Wa Dae official said by phone, saying the government has been closely watching related developments. "The government is closely and frequently communicating with the U.S. side to discuss ways to implement our tariff agreement with the U.S. and we will continue efforts to ensure
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