Trump Demands South Korea Lift Beef Import Restrictions in Equal Tariff Negotiations
The Trump administration in the U.S. has proposed a policy of equal tariffs and South Korean officials revealed on the 25th that the two countries held their "second technical negotiations" in Washington. It is reported that the U.S. side pointed out that South Korea must eliminate various non-tariff barriers to trade with the U.S., including relaxing the import restrictions on U.S. beef aged over 30 months.
Additionally, according to the Wall Street Journal, President Trump has threatened to impose a 50% tariff on American goods exported to Europe, aiming to encourage production to return to the U.S. This move could impact the luxury goods industry, putting the value proposition of "European manufacturing" under unprecedented scrutiny. Brands are concerned that luxury goods produced in the U.S. may not retain their previous appeal.
