South Korea Cuts Tariff to 15%, Trump Policies May Be Paying Off
The South Korean government has announced a reduction of tariffs on certain imported goods to 15%, sparking widespread attention. Officials have indicated that this move may be linked to the trade policies of former U.S. President Donald Trump, and they shared some negotiating insights.
Reports suggest that this policy aims to boost economic growth and facilitate trade, influenced by the trade relationships developed during Trump's administration. Officials emphasized that communication and negotiation with the U.S. were key factors in this decision.
Experts believe that this action could not only enhance bilateral trade but also impact South Korea’s tariff policies with other countries.
