Friday 24 May 2019 ,
Friday 24 May 2019 ,
Latest News
  • Coaching centre fire kills 20 students in India's Gujarat
  • May tears up as she resigns as UK Prime Minister
  • India says Hasina’s call to Modi ‘reflection of close ties’
  • Modi plots course after landslide Indian election win
  • Strategic support necessary to deal with Rohingya crisis: UNHCR
  • Unresolved issues to be settled during Modi’s new tenure: Quader
20 February, 2018 00:00 00 AM
Print

S Korea Moon urges ‘stern’ response to new US tariffs

AFP

AFP, SEOUL: South Korean President Moon Jae-in called Monday for a “stern” response to new US tariffs on the South’s exports as concern grew over looming trade restrictions by Washington.

US President Donald Trump last week threatened retaliatory action against China and South Korea and vowed to revise or scrap a 2012 free trade deal with the South which he described as a “disaster”.

Trump also put his “America First” doctrine into action last month by imposing duties of 20 to 50 per cent on large washing machines made in nations including the South, as well as tariffs on solar panels imported from China and elsewhere.

Seoul has said it would take the issue to the World Trade Organization while Beijing expressed “strong dissatisfaction” with the move, adopted to protect US manufacturers.

The trade frictions have strained ties at a time when Seoul and Washington are seeking to present a united front against North Korea’s nuclear threat.

Moon, at a meeting with aides, expressed concern over “intensifying protectionism” that may take a toll on the South’s export-reliant economy— also the world’s 11th largest.

“I am concerned that widening restrictions by the US on our exports, including steel, electronics, solar panels and washing machines, may take a toll on the exports despite their global competitiveness,” he said.

“I’d like (officials) to respond to unreasonable protectionist measures in a confident and stern manner by... reviewing whether the measures violate the current Korea-US free trade pact,” he said.

 

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 50.5%
No 45.6%
No Comment 4.0%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01020304
05060708091011
12131415161718
19202122232425
262728293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting