South Korea’s industry minister said the U.S. reiterated that tariffs on Korean imports will not exceed the 15% cap agreed under last year’s tariff deal. The minister said he held a video call with U.S. Commerce Secretary Howard Lutnick to review implementation of the agreement amid ongoing U.S. Section 301 probes.

2026-06-04

South Korea’s industry minister said the U.S. reiterated that tariffs on Korean imports will not exceed the 15% cap agreed under last year’s tariff deal. The minister said he held a video call with U.S. Commerce Secretary Howard Lutnick to review implementation of the agreement amid ongoing U.S. Section 301 probes.