The U.S. trade representative said the United States will honor tariff caps in last year's trade deals, despite new investigations into forced labor.
U.S. Trade Representative Jamieson Greer said Thursday that the United States will honor tariff caps in last year's trade deals with the European Union, Japan and other countries, saying
Initial reactions on X focus on U.S. reaffirmation of 15% tariff caps on South Korean imports amid ongoing probes, with neutral market updates and links to Korea Times reporting; some posts extend to broader deals with EU/Japan.
US COMMERCE SECRETARY LUTNICK REAFFIRMS 15% TARIFF CAP ON SOUTH KOREAN IMPORTS. KOREA TRADE MINISTER KIM MEETS LUTNICK. AGREEMENT STILL IN FORCE AMID SECTION 301 PROBE.
— INFO FLOW (@INFOFLOWfx) June 4, 2026
U.S. Trade Representative "Agreement"…S. Korea's tariff cap remains at 15 percent pic.twitter.com/ilzMJb271I
— PD_KoDak (@PD_KoDak) June 4, 2026
U.S. WILL UPHOLD TARIFF CAPS IN DEALS WITH EU, JAPAN AND OTHERS, U.S. TRADE REPRESENTATIVE GREER SAYS
— *Walter Bloomberg (@DeItaone) June 4, 2026
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— Abhayvargheze (@Abhayvargheze) June 4, 2026
🌍 GEOPOLITICAL
🕐 2:02 AM IST • 🟠 Medium Impact
USTR says US to honor tariff caps in trade deals: reports - The Korea Times
💬 Affects trade and currency risk.
📊 Affects: Gold • Oil • USD
🌐 Region: Middle East / Global…
Reported by AI Image generated by AI
The United States on Friday imposed new tariffs of 10 percent and 12.5 percent on goods from 60 trading partners, alleging failures to curb imports made by forced labor, replacing an expiring temporary global tariff.
The United States will enforce new import tariffs starting this Friday on goods from 60 trading partners including Japan, South Korea, and the European Union.
Reported by AI
U.S. Trade Representative Jamieson Greer has sent a letter rebutting a Washington Post editorial that criticized proposed tariffs on South Korea and other economies over forced labor concerns.
The Philippines has asked the United States to exempt its exports from proposed tariffs on goods linked to forced labor. The Department of Trade and Industry submitted comments to the Office of the United States Trade Representative arguing the country maintains strong safeguards.
Reported by AI
The U.S. Trade Representative (USTR) is holding public hearings this week in Washington on its Section 301 investigations—launched in March into South Korea, China, Japan, the European Union and 13 others—over structural excess capacity in manufacturing. The hearings could lead to tariffs or other measures. A South Korean official presented Seoul's position on the opening day.
US Trade Representative Jamieson Greer will meet President Claudia Sheinbaum on Thursday to continue T-MEC review negotiations. Greer anticipated possible provisional agreements before the end of 2026, though complex issues will extend into 2027.
Reported by AI
China's Foreign Ministry spokesperson Lin Jian said Friday that China opposes new U.S. tariffs imposed on dozens of trading partners including China.