Korea's trade ministry is holding an emergency meeting following President Trump's announcement to go ahead with steep tariffs on steel and aluminum imports.<br /> The Minister of Trade, Energy and Industry , Paik Un-gyu, is presiding over the meeting with local steel makers and government officials in Seoul to discuss countermeasures to Washington's steel import tariffs.<br />The trade ministry said it will look into ways to minimize the impact on Korea's steel companies... and analyze how the move will affect the ongoing Korea-U.S. Free Trade Agreement renegotiations.<br />Seoul has repeatedly asked the Trump administration to exempt it from the steep tariffs, citing their close economic and security ties. <br />
