South Korea vows to fix regulations after Trump's new tariff deadline
"We see this letter as a de facto extension of the grace period for imposing reciprocal tariffs until August 1,' South Korea's Industry Ministry said in a statement on Tuesday, vowing to accelerate negotiations to reach a mutually beneficial agreement.
The 25% across-the-board tariff announced by Trump on all shipments from South Korea is same with the level that was set to be implemented on July 9 barring a deal.
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