U.S. ITC predicts revised KORUS would keep Korean trucks out of U.S.

摘要

The 20-year extension of the 25 percent U.S. duty on light and medium and heavy trucks agreed to in principle by the Trump administration and Korean government as part of the revised U.S.-Korea Free Trade Agreement would continue to dissuade Korean exporters from entering the U.S. truck market, the U.S. International Trade Commission reported Monday in an analysis requested by U.S. Trade Representative Robert Lighthizer. The ITC found that pushing the elimination of the 25 percent tariff the U.S. maintains on trucks from 2021 to 2041 would prevent an increase in imports of 59.000 light trucks from Korea per year and 7,600 heavy trucks from Korea per year. The two governments in March agreed in principle to extend the phaseout for the U.S. tariffs under an amended KORUS. The ITC also predicted that the extended tariff would avoid the displacement of the production of 45,000 light trucks and 3,700 heavy trucks in the U.S. per year.