South Korea to minimise impact of 50% tariff on steel products, ministry says
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SEOUL :South Korea's Industry Ministry said on Monday it will respond to the looming 50 per cent U.S. tariff on steel products as part of its trade discussions with Washington in order to minimise the impact on industry. U.S. President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50 per cent from 25 per cent, ratcheting up pressure on global steel producers and deepening his trade war. The ministry held an emergency meeting with officials from the
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