AFP, Seoul :
South Korean President Moon Jae-in called Monday for a “stern” response to new US tariffs on the South’s exports as concern grew over looming trade restrictions by Washington.
US President Donald Trump last week threatened retaliatory action against China and South Korea and vowed to revise or scrap a 2012 free trade deal with the South which he described as a “disaster”.
Trump also put his “America First” doctrine into action last month by imposing duties of 20 to 50 percent on large washing machines made in nations including the South, as well as tariffs on solar panels imported from China and elsewhere.
Seoul has said it would take the issue to the World Trade Organization while Beijing expressed “strong dissatisfaction” with the move, adopted to protect US manufacturers.
The trade frictions have strained ties at a time when Seoul and Washington are seeking to present a united front against North Korea’s nuclear threat.
Moon, at a meeting with aides, expressed concern over “intensifying protectionism” that may take a toll on the South’s export-reliant economy- also the world’s 11th largest.
