South Korea will consistently try to reduce new US customs duties planned by Donald Trump administration, Deputy Prime Minister, Planning and Finance Minister Cho Sang-Mok said.
"Deputy Prime Minister Choy noted that it plans to use the head of the trade negotiation office to clarify the position of the American side and further consultations to reduce the 25% customs duties against us," the Deputy Prime Minister quotes the meeting with members of the Expert Council of Foreign Economic Expert Council.
Cho Sang-Mok said that South Korea's responses will not be immediately not available, but will spread over time, and Seoul will develop a optimal talks with Washington, given how to respond to new US customs duties.
The South Korean authorities will present the plans to support the automotive industry this week, which are expected to have a strongest strike, and they will have quick resources to support small and medium-sized businesses in other affected areas, said the Deputy Prime Minister.
It is expected that it will help the business "overcome this difficult period."
