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South Korea will seek favorable terms for U.S. tariffs on imports of memory chips.
South Korea will negotiate for favorable terms regarding new U.S. tariffs on memory chip imports.
KEY POINTS
- A 2023 joint fact sheet with the U.S. includes provisions against unfavorable tariff treatment for Korea.
- The Trump administration's proclamation specifically imposes tariffs on artificial intelligence chips.
- South Korea's trade minister stated these U.S. tariffs will have limited impact on Korean companies.
COMPANIES
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