South Korea to Leverage LNG and Shipbuilding in U.S. Tariff Talks

South Korea to Leverage LNG and Shipbuilding in U.S. Tariff Talks

South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday. The tariff on South Korea, which U.S. President Donald Trump announced on the so-called “liberation day” on April 2, was at 25%, lower than for some other Asian countries but much higher than a baseline 10% tariff. The so-called ‘reciprocal tariffs’ wer…

FACT SHEET: USTR Takes Action to Bolster U.S. Shipbuilding

FACT SHEET: USTR Takes Action to Bolster U.S. Shipbuilding ENDING CHINESE SHIPBUILDING DOMINANCE: Today, the Office of the United States Trade Representative took action on the Section 301 Investigation of China’s Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance to eliminate China’s acts, policies, and practices targeting the maritime, logistics, and shipbuilding sectors for dominance. These actions balance the need f…