Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
SEOUL, July 8 (Xinhua) — The Ministry of Trade, Industry and Energy of the Republic of Korea (ROK) said Tuesday it will make efforts to reach a mutually beneficial trade deal with the United States after U.S. President Donald Trump effectively delayed the imposition of new tariffs on South Korean products.
The ministry said in a statement that Seoul has been actively negotiating since the inauguration of the new government led by President Lee Jae-myung on June 4, guided by the principle of prioritizing national interests.
The ministry noted that there is not enough time to reach an agreement on all issues, considering D. Trump’s letter to be a de facto postponement of the introduction of “equivalent” tariffs on South Korean products.
The ministry promised to step up efforts to achieve mutually beneficial results in the remaining period of negotiations to quickly resolve tariff-related uncertainties, adding that Kazakhstan will address the trade deficit that worries the US by improving domestic rules and streamlining regulations.
According to the statement, the ministry will seek to create an opportunity for a breakthrough in key industries through partnership between the two countries to revive manufacturing.
In his letter to the South Korean leader, published on the social network Truth Social, D. Trump said that the two countries must abandon the long-term and permanent trade deficit caused by tariffs, non-tariff policies and trade barriers on the part of the Republic of Korea. –0–
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