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South Korea to consult with US on 'balance' in trade after ruling against Trump tariffs

South Korea says it will keep consulting the US to preserve the balance set by their earlier tariff deal after Washington raises duties to 15%. - REUTERS
South Korea says it will keep consulting the US to preserve the balance set by their earlier tariff deal after Washington raises duties to 15%. - REUTERS

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SEOUL: South Korea will continue to consult with the U.S. to maintain a "balance of interests" between the two countries that was established by an earlier tariff deal, its industry minister said on Monday in a meeting with the business community.

In televised remarks, he did not specify what actions if any South Korea will take regarding the 15% tariffs imposed by U.S. President Donald Trump, whose broad import duties against trading partners have been overturned by the U.S. Supreme Court.

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