While its commercial negotiators rushed to Washington to obtain a break from President Donald Trump’s tariff, South Korea announced on Wednesday a new measures to reduce the strike strike on car makers in the country.
The two efforts stressed the accurate balance that South Korea needs to strike after the country, one of the most loyal American allies in Asia, was exposed to some of the prices of heavier tariffs announced by President Trump last week.
On Tuesday, Mr. Trump chanted the imminent arrival of the negotiating team from South Korea, which is led by the Minister of Commerce Shong in Qi.
“Their top team is on a plane heading to the United States, and things look good,” Mr. Trump said on the truth platform. “We are similarly dealing with many other countries, and they all want a deal with the United States.”
On Tuesday, the temporary leader of South Korea suggested that his country was ready to make concessions aimed at satisfying Mr. Trump.
In an interview with CNN, Mr. Han said that South Korea will not gather with China to retreat against Mr. Trump’s tariff. He said South Korea “clearly wants to negotiate” with Washington. “I don’t think this type of fighting will greatly improve the situation.”
In a phone call with Mr. Trump later on Tuesday, Mr. Han also said that his country was ready to cooperate with the United States in building liquefied ships and natural gas, as well as reducing the South Korean trade surplus of $ 55.7 billion, according to the leader’s office in South Korea.
South Korea has built its war -torn country into a largely -based global economic power. Mr. Trump’s tariff of 25 percent has achieved the largest export engines, especially the manufacture of its cars.
The support measures of the auto manufacturers announced by South Korea on Wednesday included raising support for financing to 15 trillion Won, or about 10 billion dollars, in 2025 from 13 trillion Won in the past. Taxes on car purchases will also be reduced to 3.5 percent from 5 percent currently to June, and electric cars will be increased.
In addition to trade, South Korea also depends more than ever on its security on the United States and its seven -year -old military alliance. This has become more urgent as North Korea expanded its nuclear threat and pressures its own military alliance with Russia.
Mr. Trump has already turned this week’s negotiations to more than just a commercial conversation, indicating that he wants to increase South Korea significantly, which drives him to keep 2,500 American soldiers on the soil of the country.
The statement issued by Mr. Han’s office said that the United States confirmed its commitment to the military alliance with South Korea. But after the invitation, Mr. Trump also said that Mr. Han spoke about “payment for the great military protection we offer to South Korea.”
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