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South Korea says Lutnick’s U.S. semiconductor tariff plan is not final and will be discussed
🇰🇷 South Korea /Technology

South Korea says Lutnick’s U.S. semiconductor tariff plan is not final and will be discussed

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Ongoing story
  • South Korea said reports of large-scale U.S. semiconductor tariffs had not yet been finalized.
  • The presidential office said it would monitor developments and consult the United States to limit adverse effects on South Korean companies.
  • U.S. Commerce Secretary Howard Lutnick said the administration was preparing tariffs to encourage overseas semiconductor production to move to the United States.

South Korea’s presidential office said reports of planned large-scale U.S. tariffs on semiconductors did not yet represent a finalized policy.

The government will closely monitor related developments and closely consult with the United States so that there will be no adverse effects on our companies.

— South Korean presidential office officialThe office’s response to reports of planned U.S. semiconductor tariffs.

The office said the government would closely monitor developments and consult with the United States so that Korean companies would not face unfavorable effects.

We understand that the specific details have not yet been finalized.

— South Korean presidential office officialThe office’s assessment of the reported tariff plan.

U.S. Commerce Secretary Howard Lutnick had said in a CNBC interview that Washington was preparing major semiconductor tariffs to encourage production facilities located overseas to move to the United States. He did not specify when the tariffs might be imposed.

We are preparing large-scale semiconductor tariffs.

— Howard LutnickHis statement in a CNBC interview about the U.S. administration’s tariff plans.
About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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