South Korea to Leverage LNG and Shipbuilding in U.S. Tariff Talks

South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday. The tariff on South Korea, which U.S. President Donald Trump announced on the so-called “liberation day” on April 2, was at 25%, lower than for some other Asian countries but much higher than a baseline 10% tariff. The so-called ‘reciprocal tariffs’ were suspended last week for 90 days, during which countries plan to plead…