SEOUL, Sept 19 (Reuters) - South Korea's top trade envoy
said on Friday that South Korea is trying to resolve issues
around U.S. auto tariffs quickly, explaining to the U.S. that
"Japan and South Korea are different".
Under a trade deal with Japan, the U.S. applies a 15% tariff
on Japanese car imports, while U.S. tariffs on South Korean auto
imports are 25%.
On July 30, Trump said the U.S. will reduce duties on
automobile imports to 15% in return for Seoul investing $350
billion in the U.S. But the change has yet to be implemented as
the two countries are at odds over the details of the
investments.
"We've explained the differences between Japan and Korea as
much as possible," Trade envoy Yeo Han-koo told reporters upon
his return to South Korea on Friday after a trip to Washington
this week where he met with U.S. Trade Representative Jamieson
Greer.
Top officials in Seoul have repeated in recent days that
accepting all U.S. demands and copying the format of Japan's
deal with the U.S. would be difficult.