S.Korean Trade Minister holds public-private joint meeting in response to new US global tariffs

Описание: (23 Feb 2026)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Seoul, South Korea - 23 February 2026
1. Various of South Korean Trade Minister Kim Jung-kwan entering
2. SOUNDBITE (Korean) Kim Jung-kwan, Trade Minister
"Based on the principle of maximizing the national interest, the (South Korean) government has agreed to continue an amicable consultation with the U.S without undermining the balance of interests that was secured through the South Korean-U.S tariffs agreement, in order to minimize any potential impacts on our companies."
3. Wide of Kim
4. SOUNDBITE (Korean) Kim Jung-kwan, Trade Minister
"Meanwhile, if the U.S uniformly imposes 15% global tariff, changes are expected in the relative competitive conditions for Korean companies. Moreover, given the uncertainty surrounding the future direction of additional U.S. tariff measures, the public and private sectors will need to work together to strengthen our companies’ export competitiveness and diversify markets."
5. Wide of meeting
STORYLINE:
South Korean Trade Minister Kim Jung-kwan held a public-private joint meeting early Monday morning to assess sectoral impacts and discuss response strategies after the U.S Supreme Court struck down President Donald Trump's sweeping tariffs.

In his opening remarks Kim said the South Korean and U.S governments had agreed to continue amicable consultation in order to minimize any potential impact the new global tariffs might have on South Korean companies.

Kim also asked the private sector to work closely with the government to strengthen export competitiveness and diversify market, as it would be difficult to predict how the U.S tariff measures would unfold.

Last Friday, the U.S Supreme Court struck down Trump's sweeping tariffs he had imposed under emergency powers in a 6-3 ruling.

Trump immediately responded by proposing a new global tariff of 10 percent, which was later raised to 15 percent.

AP Video by Yong Jun Chang

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