Acting President Choi Sang-mok has ordered relevant government agencies to swiftly review the implications of U.S. President Donald Trump’s statement that he will consider non-tariff barriers when imposing reciprocal tariffs.
The finance ministry said Choi issued the order during a meeting on external economic affairs in Seoul on Monday.
The U.S. reportedly views South Korea’s automotive emissions regulations, drug pricing policy, and a system that requires government-certified products for public procurement as non-tariff barriers.
Choi urged agencies to provide Washington with a detailed explanation of tariff rates and other areas where misunderstandings could arise while also preparing for consultations with the U.S. on mutually beneficial issues of interest.
In his address to a joint session of Congress last Tuesday, Trump said reciprocal tariffs will take effect on April 2, adding that if other countries impose non-monetary tariffs to restrict U.S. market access, the U.S. will implement similar barriers to limit their access to the American market.