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semiconductor / news / / Bloomberg

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

South Korean President Lee Jae Myung downplayed US threats of 100% tariffs on foreign chips.

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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.”
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