# South Korean President Lee Jae Myung downplayed US threats of punishing tariffs on foreign-made chips.

*semiconductor · news · 2026-01-21 · Bloomberg*

## Key points

- South Korean President Lee Jae Myung downplayed US threats of 100% tariffs on foreign chips.
- Lee reaffirmed his administration's commitment to existing trade agreements despite tariff threats.
- He indicated US tariff discussions are negotiation tactics rather than immediate policy shifts.
- Lee emphasized maintaining focus on established policies amidst fluctuating international rhetoric.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world South Korean President Lee Jae Myung downplayed US threats of punishing tariffs on foreign-made chips, while reaffirming his commitment to existing trade agreements. “There is talk of a 100% tariff on semiconductors, but I’m not seriously concerned about that,” said Lee, 62, during a press conference in Seoul Wednesday. Rhetorical statements sometimes arise during negotiations, but it’s important to stay focused and adhere to established policies and principles. “Rough waves come, but they are not severe enough to damage the ship.”

**Countries:** South Korea, United States

[Read the full story on Bloomberg](https://www.bloomberg.com/news/articles/2026-01-21/south-korea-s-president-lee-downplays-us-chip-tariff-threats)

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