Seoul, Oct 30
The South Korean presidential office said Thursday semiconductor tariffs were part of a finalised trade deal with the United States, dismissing remarks by US Commerce Secretary Howard Lutnick that chip tariffs were not a part of the agreement.
Kang Hoon-sik, the presidential chief of staff, said Seoul made no concessions to US demands to further open its agricultural market under the trade deal, noting South Korea already opened nearly all of its farm markets under the bilateral free trade agreement with the US.
In a separate interview with broadcaster KBS, Kim Yong-beom, the presidential chief of staff for policy, also said the forthcoming fact sheet will include provisions on semiconductors, ensuring South Korean products receive tariff treatment that is not less favorable than that of Taiwan