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Korea

Study: KORUS termination would cost U.S. consumers $4.6 billion annually
(Daily News)
August 16, 2018

If the U.S.-Korea Free Trade Agreement is terminated, U.S. households would face a consumption tax of $4.6 billion annually, according to a report to be released on Thursday.
Sources: Korea refraining from penalties on U.S. in return for modified 232 exclusion process
(Daily News)
August 13, 2018

South Korea has temporarily agreed not to impose sanctions on the U.S. for a zeroing methodology the Commerce Department used to calculate duties on large residential washers from Seoul as it pushes Washington to modify a Section 232 product exclusion process for steel and aluminum imports, sources tell Inside U.S. Trade.
Korean auto execs say 232 tariffs could impact U.S. investment plans
(In Trade)
August 09, 2018

Hyundai is “planning to invest $2.5 billion to upgrade our facilities between now and 2021, but if tariffs take effect, all of that would have to be re-evaluated.”
Korean trade minister: Auto tariffs would render the new KORUS 'meaningless'
(Daily News)
July 19, 2018

If the Trump administration hits Seoul with tariffs as a result of its Section 232 autos investigation, the amended U.S.-Korea Free Trade Agreement “becomes meaningless,” Korea’s minister of trade, industry and energy said on Thursday.
KORUS deal expected to be finalized in September; technical discussions continue
(Daily News)
July 09, 2018

Washington and Seoul are expected to sign a revised version of the U.S.-Korea Free Trade Agreement as early as September, the Korean Trade Ministry said last week, adding that discussions on “some technical areas” are continuing even though the wording of the pact has been completed.
U.S. ITC predicts revised KORUS would keep Korean trucks out of U.S.
(Daily News)
July 02, 2018

The 20-year extension of the 25 percent U.S. duty on light and medium and heavy trucks agreed to in principle by the Trump administration and Korean government as part of the revised U.S.-Korea Free Trade Agreement would continue to dissuade Korean exporters from entering the U.S. truck market, the U.S. International Trade Commission reported Monday in an analysis requested by U.S. Trade Representative Robert Lighthizer.
U.S. ITC issues report on truck imports and KORUS modifications
(Text Document)
July 02, 2018
Senate confirms ambassadors to the EU, South Korea
(In Trade)
June 28, 2018

Adm. Harry Harris is bound for Seoul, while hotelier Gordon Sondland will head to Europe.
EU, China, Thailand and Malaysia ask to join DSB consultations between Korea and U.S. on solar safeguards
(Text Document)
June 11, 2018