The Blue House stated on July 22 that it is closely monitoring reports regarding the imminent announcement of tariffs under the U.S. Trade Law Section 301. With the deadline for the end of global tariffs approaching on July 24 (local time), the government is actively tracking related developments.
In a morning press release, the Blue House emphasized that the U.S. government has previously expressed its commitment to respecting the Korea-U.S. tariff agreement.
Last year, President Yoon Suk Yeol and President Donald Trump agreed to reduce mutual tariffs from 25% to 15%. However, following a ruling by the U.S. Supreme Court declaring the mutual tariffs illegal, the U.S. has been seeking alternatives.
The Blue House added that Kim Jeong-kwan, the Minister of Trade, Industry and Energy, and Yeo Han-goo, the head of the Trade Negotiation Headquarters, plan to discuss these matters with the U.S. Department of Commerce and the U.S. Trade Representative during their visit to the United States this week.
* This article has been translated by AI.
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