As early as the beginning of this year, the US International Trade Commission issued a measure to impose protective tariffs on products such as imported washing machines. According to this policy, the United States will impose tariffs on imported washing machines and solar energy products, which will be less than 1.2 million units. Taxes are 20%, and more than 1.2 million washing machines are required to pay a 50% tax. This has caused dissatisfaction.
Several months have passed since the measures were announced. The Korean government is also constantly looking for opportunities for dialogue. It hopes that this will not be resolved through the WTO, but it has never found an effective way. According to news from Yonhap News Agency, the Korean government has shown The World Trade Organization filed a complaint and hoped to resolve the United States’ heavy tax on imported washing machines and solar energy products.
The emergence of this measure is a protection measure for the domestic industry in the United States that can avoid the impact of imported products on the local industry. Although Korean washing machine products account for a large share of the U.S. market, according to the Ministry of Trade, Industry and Energy of South Korea, Imported products do not pose a significant threat to the local industry.
Within two months of the submission of the complaint, the Ministry of Trade, Industry and Energy of the Republic of Korea will hold consultations with the United States. If no consensus is reached, it will be referred to the WTO for ruling.
