MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • “Luminous Brilliance: The Artistry of Zibo Liuli” Opens This October at POLY MGM MUSEUM in Macau

  • Urban Planning Heritage craft group faces displacement as revitalization plans advance

  • CLSA flags margin pressure, cuts 2027 GGR forecast by 4%

  • China tightens exit controls, citing security and fraud risks

  • Child abuse cases double in 2025, most victims abused by family members

  • Hutchison Macau to end mobile services Dec. 1

Asia-Pacific
Home›Asia-Pacific›Gov’t requests to be excluded from Trump’s efforts to increase tariffs
South Korea

Gov’t requests to be excluded from Trump’s efforts to increase tariffs

By -
Monday, February 24, 2025
96
0
Share:

South Korean officials have asked the Trump administration to exclude their country from U.S. plans to impose aggressive tariffs on trade partners, emphasizing that Seoul is already applying low duties on American products under the free trade agreement between the two nations.

South Korea’s government on Friday said Deputy Trade Minister Park Jong-won made the request while traveling to Washington this week for meetings with unspecified officials from the White House, the Department of Commerce and the Office of the U.S. Trade Representative. The South Korean Trade Ministry didn’t say what Park heard from the Americans.

Park cited how South Korean companies were contributing to the U.S. economy through large-scale business investments and noted that the country was already imposing low duties on free trade partners such as the United States. He called for South Korea to be excluded from U.S. plans to establish reciprocal tariffs with trade partners and raise duties for imported steel and aluminum, the ministry said.

South Korea’s top economic think tank this month slashed its growth forecast for the country’s economy for the second time since November, expressing concern about the impact of U.S. President Donald Trump’s expanding tariffs and other measures aimed at resetting global trade.

The state-run Korea Development Institute projected the national economy to grow by 1.6% in 2025, which was 0.4 percentage points lower than its previous estimate. The group’s economists assessed that Trump’s steel and aluminum tariffs won’t likely have a major impact on South Korea’s economy, as those products account for less than 1% of its exports to the U.S. However, they expressed concern that possible increases in U.S. duties for semiconductors and cars would hurt the country’s trade-dependent economy more.

South Korea’s acting president, Choi Sang-mok, on Friday called a meeting with trade and foreign policy officials to discuss the potential impact of Trump’s trade measures, including reciprocal tariffs and possible product-specific duties for semiconductors, cars and pharmaceuticals.

Choi, who is also South Korea’s finance minister, instructed officials to examine how other major economies, including the European Union, Japan and China, are responding to Trump’s trade policies, and try harder to effectively communicate South Korea’s position to U.S. officials.

South Korea’s trade surplus with the U.S. reached $55.7 billion in 2024. According to the South Korean trade ministry, the country’s tariff rates on U.S. manufacturing imports is around zero percent. KIM TONG-HYUNG, SEOUL, South Korea, MDT/AP

FacebookTweetPin

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Like this:

Like Loading…

Related

TagsSouth Korea
Previous Article

French aircraft carrier stages combat drills with ...

Next Article

Poly MGM Museum concludes display of Bronze ...

0
Shares

    Related articles More from author

    • Asia-Pacific

      Last circus, Dongchoon, holds up as it marks centennial

      Friday, June 20, 2025
      By -
    • Asia-Pacific

      Thousands of Scouts evacuated from coastal campsite as tropical storm nears

      Wednesday, August 9, 2023
      By -
    • Asia-Pacific

      South Koreans ashamed over safety failures in Halloween tragedy

      Thursday, November 3, 2022
      By -
    • Asia-Pacific

      Nobel Prize in literature awarded to S. Korean author for her ‘intense poetic prose’

      Friday, October 11, 2024
      By -
    • Asia-Pacific

      Prosecutors indict impeached President Yoon Suk Yeol over his martial law, reports say

      Monday, January 27, 2025
      By -
    • Asia-Pacific

      South Korea says North Korea test-fired missile toward sea

      Monday, September 26, 2022
      By -

    Leave a reply Cancel reply

    You must be logged in to post a comment.

    0

    • Business

      Real Estate Matters | The best places to live in Macau Part 2

    • World

      2020 campaign | Trump warns of epic stock market crash if he’s not re-elected

    • Business

      Tencent’s Ma proposes Bay Area-like tech Zone in South China

    DAILY EDITION

    Wednesday, September 16, 2026 – edition no. 5037
    Wednesday, September 16, 2026 – edition no. 5037

    Greater Bay

    MDT MACAU GRAND PRIX SPECIAL

    September 2026
    M T W T F S S
     123456
    78910111213
    14151617181920
    21222324252627
    282930  
    « Aug    

    Timeline

    • Wednesday, September 16, 2026

      “Luminous Brilliance: The Artistry of Zibo Liuli” Opens This October at POLY MGM MUSEUM in Macau

    • Wednesday, September 16, 2026

      Urban Planning Heritage craft group faces displacement as revitalization plans advance

    • Wednesday, September 16, 2026

      CLSA flags margin pressure, cuts 2027 GGR forecast by 4%

    • Wednesday, September 16, 2026

      China tightens exit controls, citing security and fraud risks

    • Wednesday, September 16, 2026

      Child abuse cases double in 2025, most victims abused by family members

    • Wednesday, September 16, 2026

      Hutchison Macau to end mobile services Dec. 1

    • Wednesday, September 16, 2026

      Woman fined RMB100,000 for smuggling 516 live fish at Gongbei Port

    • Wednesday, September 16, 2026

      Woman loses nearly RMB2 million in police impersonation scam

    • Wednesday, September 16, 2026

      Hengqin zone seeks to turn cross-border integration into a launchpad for young residents

    • Wednesday, September 16, 2026

      Two men fight with weapons on Rua do Canal dos Hortos

    Extra Times

    Extra TimesHeadlinesTaste of Edesia

    The confluence of craft: An evening at Estuary

    There are restaurants that feed the body, and there are those that nourish the soul. Estuary, the latest jewel in Chef Vicky Cheng’s culinary crown, belongs resolutely to the latter ...
    • The Korean thriller ‘Hope’ is a creature feature to the tilt

      By MDT/AP
      Friday, September 11, 2026
    • Carly Simon’s album is a journey through love and loss

      By MDT/AP
      Friday, September 11, 2026
    • Macao Orchestra opens season with Eric Lu in poetic form

      By -
      Friday, September 11, 2026
    • A symphony of six hands: Saffron’s Michelin culinary journey

      By Irene Sam, MDT
      Friday, September 4, 2026
    • Recent

    • Popular

    • “Luminous Brilliance: The Artistry of Zibo Liuli” Opens This October at POLY MGM MUSEUM in ...

      By MGM Macau PR
      Wednesday, September 16, 2026
    • Urban Planning Heritage craft group faces displacement as revitalization plans advance

      By Yuki Lei, MDT
      Wednesday, September 16, 2026
    • CLSA flags margin pressure, cuts 2027 GGR forecast by 4%

      By Nadia Shaw, MDT
      Wednesday, September 16, 2026
    • China tightens exit controls, citing security and fraud risks

      By Times Reporter
      Wednesday, September 16, 2026
    • Child abuse cases double in 2025, most victims abused by family members

      By Ricaela Diputado, MDT
      Wednesday, September 16, 2026
    • Hutchison Macau to end mobile services Dec. 1

      By Yuki Lei, MDT
      Wednesday, September 16, 2026
    • Woman fined RMB100,000 for smuggling 516 live fish at Gongbei Port

      By Yuki Lei, MDT
      Wednesday, September 16, 2026
    • Canidrome may have its days numbered, decision in ‘one or two months’

      By Paulo Coutinho, MDT
      Thursday, May 26, 2016
    • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

      By -
      Wednesday, May 4, 2016
    • Editorial | Canidoomed

      By Paulo Coutinho, MDT
      Wednesday, June 1, 2016
    • Animal Welfare | Canidrome presented with ultimatum: close or move

      By Daniel Beitler, MDT
      Friday, July 22, 2016
    • Australia regulator cracks down on alleged exportation of dogs to Macau

      By Paulo Coutinho, MDT
      Friday, June 10, 2016
    • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

      By Catarina Pinto
      Monday, July 6, 2015
    • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

      By Daniel Beitler, MDT
      Friday, May 27, 2016
    • Contact our Administrator
    • Contact our Editor-in-Chief
    • Contacts
    • Our Team
    • Privacy Policy
    • Terms and Conditions
    • Editorial Statute
    • Code of Ethics
    COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
    MACAU DAILY TIMES
    • Home
    • Macau
      • Photo Shop
      • Advertorial
    • Interview
    • Greater Bay
    • Business
      • Corporate Bits
    • China
    • Asia
    • World
    • Sports
    • Opinion
      • Editorial
      • Our Desk
      • Business Views
      • China Daily
      • Multipolar World
      • The Conversation
      • World Views
    • Our Team
    • Editorial Statute
      • Code of Ethics
      • Privacy Policy
      • Terms and Conditions
    • Archive
      • PDF Editions
    • Contacts
    • Extra Times
      • Drive In
      • Book It
      • tTunes
      • Features
      • World of Bacchus
      • Taste of Edesia
    Loading Comments...

    You must be logged in to post a comment.

    %d