South Korea to negotiate with the US for favourable chip tariff terms, official says


FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

SEOUL, Jan ‌18 (Reuters) - South Korea will seek ‌favourable terms for U.S. tariffs ‌on imports of memory chips, a presidential office spokesperson said at a ‍televised briefing on Sunday.

The ‍country last year ‌released a joint fact sheet on ‍its ​trade deal with the U.S. that included ⁠terms ensuring South Korea will not ‌receive unfavourable treatment from U.S. tariffs ⁠on ‍imported chips compared to key competitors, the official said, when asked ‍about the Trump administration's ‌proclamation imposing tariffs on artificial intelligence chips.

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