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Sources: Korea refraining from penalties on U.S. in return for modified 232 exclusion process

August 13, 2018 at 1:23 PM
South Korea has temporarily agreed not to impose sanctions on the U.S. for a zeroing methodology the Commerce Department used to calculate duties on large residential washers from Seoul as it pushes Washington to modify a Section 232 product exclusion process for steel and aluminum imports, sources tell Inside U.S. Trade. U.S. Trade Representative Robert Lighthizer and Korean Trade Minister Kim Hyun-chong met on July 27 to discuss the next steps for updating the U.S.-Korea Free Trade Agreement, according...


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