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S. Korean steel export to U.S. slammed on the back of its export quota

2018-06-27 1 Dailymotion

쿼터 대상 철강 및 태양광 모듈 제품 대미 수출 빠르게 감소<br /><br /> Korea's steel exports to the United States have suffered due to President Donald Trump's import restrictions. <br />According to the Korea International Trade Association on Wednesday,… exports to the U.S. have fallen sharply since Washington applied an export quota in March. <br /> Exports of quota items including steel and solar modules dropped by 34-point-1-percent from April to May, compared to the year before.<br />In exchange for an exemption from the 25 percent steel import tariffs applied to other countries, South Korea accepted a quota of about 2-point-6-8 million tonnes of steel exports, or 70 percent of the annual average Korean steel exports to the U.S. between 2015 to 2017.<br />South Korea is not allowed to export steel products exceeding that quota to the U.S. market. <br />

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