South Korea condemns Trump's tariffs

South Korea has filed a complaint with the World Trade Organization over new Trump administration tariffs on imported...

Posted: Jan 25, 2018 2:38 PM
Updated: Jan 25, 2018 2:38 PM

South Korea has filed a complaint with the World Trade Organization over new Trump administration tariffs on imported washing machines.

"Korea considers these measures to be inconsistent with the United States' obligations," said the complaint filed with the WTO in Geneva, Switzerland, on Wednesday.

The new tariffs, which begin at 20% on large residential washing machines, are expected to hurt South Korean manufacturers Samsung and LG.

The decision by Seoul to dispute the tariffs, which was expected, is the latest sign of rising tension between the United States and key trading partners, including some of its closet allies.

China has joined South Korea in condemning the tariffs, which include new restrictions on imported solar panels.

President Trump, who arrived in Davos, Switzerland on Thursday ahead of a speech to the World Economic Forum, has not yet followed through on many of the harsh trade actions he promised on the campaign trail.

But some analysts worry that the tariffs may be a harbinger of more restrictions, and U.S. officials have hinted there's more to come.

"Many countries are very good at the rhetoric of free trade, but actually practice extreme protectionism," Commerce Sec. Wilbur Ross told reporters on Wednesday. "That is a problem with which the president is quite determined to deal."

Speaking in Davos, Ross said the next trade challenge to China would be over new technologies.

Trump also has less than 90 days to decide whether to apply tariffs on imports of steel and aluminum, and has threatened to withdraw the U.S. from NAFTA if he's unhappy with the outcome of talks about revising the pact with Canada and Mexico.

Related: Team Trump talks taxes in Davos

Trump administration officials have sought to defend the new tariffs in Davos, where the crowd of central bankers, government officials and finance titans overwhelmingly favor free trade.

Ross told attendees on Wednesday that the tariffs should not have come as a surprise, and he denied that the U.S. was seeking to erect a major wave of new trade barriers.

"We would like to be the leader in making the world trade system more fair, and more equitable to all of the participants," Ross said. "It's not a lack of leadership.

Related: Europe tells Trump that protectionism won't work

That message has been met with skepticism in Davos, where prominent business leaders and politicians have defended globalization and free trade.

"We think that shutting ourselves off from the rest of the world, isolating ourselves will not lead us into a good future. Protectionism is not the answer," German Chancellor Angela Merkel said Wednesday.

It was a sentiment echoed by Christine Lagarde, managing director of the International Monetary Fund, who said that less trade would hamper growth.

"Any measure that would try to slow down trade ... would be of concern," she said Thursday.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 266598

Reported Deaths: 5852
CountyCasesDeaths
DeSoto17807191
Hinds16967332
Harrison14298204
Rankin11280221
Jackson10976190
Lee9088145
Madison8619169
Jones6782118
Forrest6236124
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Pike271081
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Holmes172268
Clay167537
Tallahatchie157535
Stone152925
Clarke148662
Calhoun141822
Smith130726
Yalobusha123835
Walthall115037
Greene114529
Noxubee114126
Montgomery112736
Lawrence107617
Carroll106922
Perry105331
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Jefferson Davis88930
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Humphreys84824
Kemper81020
Quitman7149
Franklin70717
Choctaw63813
Wilkinson59925
Jefferson57121
Sharkey45717
Issaquena1606
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Alabama Coronavirus Cases

Cases: 443009

Reported Deaths: 6662
CountyCasesDeaths
Jefferson649101007
Mobile31746574
Madison28413217
Tuscaloosa21566275
Montgomery20088332
Shelby19452132
Baldwin17333189
Lee13261107
Morgan12678142
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Walker6050183
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Colbert558194
Blount548586
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Dale412785
Franklin377550
Russell358415
Chilton346873
Covington340880
Escambia339244
Tallapoosa3163109
Dallas313696
Chambers305470
Clarke303336
Pike265231
Lawrence255855
Marion254661
Winston234742
Bibb222948
Geneva213047
Marengo210531
Pickens200431
Hale186144
Barbour183438
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Butler174860
Cherokee166031
Henry160025
Monroe152621
Randolph146636
Washington142727
Clay130746
Crenshaw124845
Macon122837
Cleburne122125
Lamar120622
Lowndes116836
Wilcox108322
Bullock104628
Perry100518
Conecuh98022
Sumter90627
Greene77923
Coosa64018
Choctaw52124
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