SEOUL — South Korea will seek favorable terms for U.S. tariffs on chip imports, a presidential office spokesman said in a televised briefing on Sunday.
Last year, the country released a joint fact sheet on its trade deal with the U.S. that included terms guaranteeing South Korea would not receive unfavorable treatment from U.S. tariffs on imported chips compared with major competitors, the official said, when asked about the Trump administration’s proclamation imposing tariffs on artificial intelligence chips.
On Saturday, South Korea’s commerce minister said U.S. tariffs on some advanced computing chips would have a limited impact on South Korean companies.
Samsung Electronics and South Korea’s SK Hynix are among the world’s biggest memory chip producers.
