UK Small Business News
SEE OTHER BRANDS

The best news from the United Kingdom on small business

South Korea opts for solo negotiations with US on tariffs, dismisses coalition with China, Japan

(MENAFN) In a recent statement, South Korea's Acting President Han Duck-soo announced that the country will not collaborate with China and Japan in a joint response to the United States' tariff policies. Instead, South Korea plans to engage in direct talks with Washington regarding the matter, as reported on Tuesday.

Han's comments came during an interview with a news outlet, as South Korea faces a 25 percent "reciprocal tariff" implemented by the Trump administration. There are rising concerns that this tariff could have a detrimental effect on South Korea's export-oriented economy.

When asked about the potential for Seoul to partner with Japan or China to challenge the US tariffs, Han responded, "I don't think that kind of fighting back will improve the situation dramatically."

He added, "We will not take that route."

This interview followed a phone call between Han and President Trump, marking the first direct communication between the leaders of the allied nations since Trump took office in January.

MENAFN10042025000045017169ID1109413899


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms of Service