President Moon orders resolute action against U.S. unfair import tariffs
- 6 years ago
President Moon Jae-in is demanding officials deal with Washington's unfair trade measures,... even floating the possibility of taking the matter to the World Trade Organization.
His remarks come as the Trump administration mulls slapping hefty import tariffs on South Korean steel,... which it says is being dumped on the American market.
Our chief Cheongwadae correspondent Moon Connyoung reports. Be bold and resolute in dealing with unreasonable trade protectionism.
That's South Korean President Moon Jae-in in response to the U.S.' plans to slap up to 50-percent import tariffs on washers and solar panels... and the Commerce Department's latest recommendation to President Trump to impose steep curbs on all steel imports from a number of countries: On that list, South Korea.
At a weekly meeting with his top aides on Monday, the South Korean president kicked off the first work day following a long holiday weekend on a stern note against Washington's move to protect its manufacturers.
"I want you to deal with unfair trade protectionist measures with confidence and resolution.
Consider filing a complaint to the World Trade Organization and reviewing whether there are any violations to the Korea, U.S. free trade agreement.
Make sure you argue its unfairness in the negotiations to revise the Korea-U.S. FTA."
This is the strongest word yet from the South Korean president on the U.S.' stepped up efforts to protect its industries... and it came with a prescription seeking a fundamental solution to the nation's exports structure.
"We should take this opportunity to speed up our drive for innovative growth to increase our firms' export competitiveness and diversify our exports market by actively pushing forward the New Northern Policy and the New Southern Policy."
The New Northern and Southern Policies are strategies introduced by South Korea's Moon administration aimed at expanding economic cooperation and exchanges with nations to the north - Russia and Eurasian economies - and to the south... linking South Korea, Southeast Asian nations... all the way to India.
"The South Korean president's unusually tough orders this week in dealing with the Trump administration's growing appetite for trade protectionism is noteworthy as the country in question is the United States, an ally key now than ever for President Moon considering the latest change in dynamics involving North Korea. The Blue House, however, drew a clear line between security and trade affairs saying the president is adamant on dealing with the two separately taking different approaches for each.
Moon Connyoung, Arirang News, the Blue House."
His remarks come as the Trump administration mulls slapping hefty import tariffs on South Korean steel,... which it says is being dumped on the American market.
Our chief Cheongwadae correspondent Moon Connyoung reports. Be bold and resolute in dealing with unreasonable trade protectionism.
That's South Korean President Moon Jae-in in response to the U.S.' plans to slap up to 50-percent import tariffs on washers and solar panels... and the Commerce Department's latest recommendation to President Trump to impose steep curbs on all steel imports from a number of countries: On that list, South Korea.
At a weekly meeting with his top aides on Monday, the South Korean president kicked off the first work day following a long holiday weekend on a stern note against Washington's move to protect its manufacturers.
"I want you to deal with unfair trade protectionist measures with confidence and resolution.
Consider filing a complaint to the World Trade Organization and reviewing whether there are any violations to the Korea, U.S. free trade agreement.
Make sure you argue its unfairness in the negotiations to revise the Korea-U.S. FTA."
This is the strongest word yet from the South Korean president on the U.S.' stepped up efforts to protect its industries... and it came with a prescription seeking a fundamental solution to the nation's exports structure.
"We should take this opportunity to speed up our drive for innovative growth to increase our firms' export competitiveness and diversify our exports market by actively pushing forward the New Northern Policy and the New Southern Policy."
The New Northern and Southern Policies are strategies introduced by South Korea's Moon administration aimed at expanding economic cooperation and exchanges with nations to the north - Russia and Eurasian economies - and to the south... linking South Korea, Southeast Asian nations... all the way to India.
"The South Korean president's unusually tough orders this week in dealing with the Trump administration's growing appetite for trade protectionism is noteworthy as the country in question is the United States, an ally key now than ever for President Moon considering the latest change in dynamics involving North Korea. The Blue House, however, drew a clear line between security and trade affairs saying the president is adamant on dealing with the two separately taking different approaches for each.
Moon Connyoung, Arirang News, the Blue House."