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1 month ago

US-South Korea trade tensions flare over treatment of American tech firms including Coupang

A growing dispute between Washington and Seoul over the treatment of American technology companies has escalated into a broader trade confrontation. A White House official told FOX Business on background that South Korea secured lower tariffs under a trade agreement with the Trump administration but has failed to follow through on its obligations."The simple reality is that South Korea reached a deal with the Trump administration to secure lower tariffs," the official said. "While the President lowered tariffs on Korea, the Koreans have made no progress on fulfilling their end of the bargain."...