White House: “Tariffs reduced, but no progress on Korea’s commitments”
Pointing to the failure of the National Assembly to pass special investment law for the U.S.
U.S. VP questions South Korean PM about ‘What’s the issue with Coupang’
Yeo Han-koo also planning discussions with USTR representative Greer, ‘[Anchor] ‘,
, ‘The White House has stated that President Donald Trump’s announcement to re-increase tariffs on our country is because Korea did not uphold its promises following the tariff reduction.’,
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, ‘The Republican side of the U.S. House Judiciary Committee mentioned it was due to the unfair targeting of Coupang.’,
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, ‘Let’s connect to Washington. Correspondent Hong Sang-hee!’,
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, ‘The White House has made a statement regarding President Trump’s announcement to re-impose tariffs.’,
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, ‘[Reporter] ‘,
, ‘Yes. The White House stated that the reason President Trump announced an increase in tariffs on Korea is due to Korea’s failure to fulfill its commitments.’,
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, ‘This is from an email sent by a White House official in response to YTN’s inquiry about Trump’s tariff re-imposition announcement.’,
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, ‘The White House official opened by saying, “The simple reality is that Korea reached a trade agreement with the Trump administration to secure lower tariffs.”‘,
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, ‘Following the trade agreement, “President Trump lowered tariffs on Korea, but Korea has made no progress in fulfilling the commitments it made in return,” the official claimed.’,
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, ‘The comments from the White House official appear to point to the delay in processing the special investment law with the U.S. at our National Assembly.’,
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, ‘The U.S. had reduced mutual tariffs on Korea from 25% to 15%, and in return for lowering item-specific tariffs on automobiles, Korea had promised to invest $350 billion, about 505 trillion won, in the U.S., but the bill has been delayed.’,
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, ‘The White House official, however, did not provide an answer regarding the timing of tariff re-increases.’,
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, ‘[Anchor] ‘,
, ‘It has been mentioned that the Republican side of the U.S. House mentioned Coupang regarding the tariff re-increase.’,
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, ‘[Reporter] ‘,
, ‘The Republican side of the U.S. House Judiciary Committee posted on their social media account this morning.’,
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, ‘They linked President Trump’s announcement of tariff re-increase on Korea with the comment “this happens when you unfairly target American businesses like Coupang.”‘,
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, ‘This suggests that the Korean government’s response to the massive data breach incident of Coupang is deemed unfair, and they are trying to link it with Trump’s tariff hike announcement.’,
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, ‘At the U.S. House Trade Subcommittee hearing on the 13th, there were even comments about the Korean government conducting a witch hunt against Coupang. Listen in.’,
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, “[Carol Miller / Congresswoman (R, on the 13th): Recently, Korea started a political ‘witch hunt’ against two American executives. Do you see it as an intention to drive U.S. companies out of the Korean market? Are there national security concerns?]”,
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, ‘U.S. Vice President JD Vance also asked Korean Prime Minister Kim Min-seok during their meeting at the White House on the 23rd about why Coupang is a problem.’,
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, ‘[Kim Min-seok / Prime Minister: I clearly explained that there is no discriminatory treatment against U.S. companies concerning the Coupang issue….]’,
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, ‘The U.S. has previously expressed dissatisfaction not only with Coupang.’,
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, ‘Acting U.S. Ambassador to Korea, James Heller, has sent a letter urging the implementation of non-discriminatory measures against U.S. digital companies as outlined in the fact sheet agreed upon by the U.S. and Korean leaders.’,
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, ‘This is seen as a warning against the upcoming Information and Communication Network Act amendment set to take effect in July and other non-tariff barriers, like the online platform law being discussed in the National Assembly, which could disadvantage U.S. tech firms.’,
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, ‘Experts suggest that President Trump’s tariff re-imposition announcement might be a negotiation tactic to pressure Korea into further concessions, advising careful handling.’,
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, ‘The government is responding with full force.’,
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, ‘Currently, Minister of Trade, Industry and Energy Kim Jung-gwan, who is visiting Canada to support submarine business orders, plans to visit the U.S. later this week to meet with U.S. Commerce Secretary Gina Raimondo for talks.’,
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, ‘Yeo Han-koo, head of trade negotiation, also plans to visit the U.S. soon to meet with USTR representative Jamison Greer and restart the tariff negotiation line.’,
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, ‘This is Hong Sang-hee reporting from Washington.’,
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The White House stated, “The reinstatement of tariffs is due to South Korea’s failure to fulfill its commitments.”
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