Gov't, industries discuss response to U.S. adjustment of metal tariffs | Yonhap News Agency

## Summary
OK SEOUL, April 3 (Yonhap) -- The government discussed Friday the possible impact of the United States' adjustment of its tariffs on steel, aluminum and copper imports with representatives from affected industries, officials said. President Donald Trump announced earlier in the day it will impose duties on steel, aluminum and copper imports based on their "full customs value" starting Monday (Washington time) to simplify the current tariff system. Under the new system, imported products made entirely or almost entirely of steel, aluminum or copper will be subject to 50 percent duties on their full value. Korea N.K. leader inspects service facilities at new housing area prev Gov't, industries discuss response to U.S. adjustment of metal tariffs Next Gov't, industries discuss response to U.S. adjustment of metal tariffs

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SEOUL, April 3 (Yonhap) -- The government discussed Friday the possible impact of the United States' adjustment of its tariffs on steel, aluminum and copper imports with representatives from affected industries, officials said.
The Ministry of Trade, Industry and Resources said it held an emergency meeting with officials from business associations representing the steel, machinery, home appliances, automobile and other industries affected by Washington's measure to discuss possible responses and support measures for the sectors.
The meeting came after the administration of U.S. President Donald Trump announced earlier in the day it will impose duties on steel, aluminum and copper imports based on their "full customs value" starting Monday (Washington time) to simplify the current tariff system.
Currently, the U.S. assesses the metal duties based on the value of the metal content in each of the derivative products -- a complicated calculation process.
Under the new system, imported products made entirely or almost entirely of steel, aluminum or copper will be subject to 50 percent duties on their full value. Derivatives substantially made of such materials will pay 25 percent tariffs, while products made of 15 percent or less steel, aluminum or copper will be exempt from the sectoral tariffs.
With the simplification of the U.S. tariff system, the ministry said South Korean companies will likely face less burden on calculating specific U.S. duties for their products, with the impact of the adjusted tariffs expected to be different by items.
Washing machines are being sold at a home appliances store in Seoul on April 3, 2026. (Yonhap)
nyway@yna.co.kr
(END)
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Gov't, industries discuss response to U.S. adjustment of metal tariffs

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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- Korean investment projects in U.S. to be unveiled 'over coming weeks': senior U.S. official Keywords #US steel tariffs Articles with issue keywords Most Liked Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel Paik Kun-woo, at 80, says 'Music chose me' (LEAD) BTS scores 7th No. 1 album on Billboard 200 with 'Arirang' Liberal ex-prime minister to declare mayoral bid in conservative stronghold (URGENT) BTS earns 7th No. 1 song on the Billboard singles chart with 'Swim' Most Saved Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel Paik Kun-woo, at 80, says 'Music chose me' Liberal ex-prime minister to declare mayoral bid in conservative stronghold (LEAD) S.

### Implications
- OK SEOUL, April 3 (Yonhap) -- The government discussed Friday the possible impact of the United States' adjustment of its tariffs on steel, aluminum and copper imports with representatives from affected industries, officials said.
- President Donald Trump announced earlier in the day it will impose duties on steel, aluminum and copper imports based on their "full customs value" starting Monday (Washington time) to simplify the current tariff system.
- Under the new system, imported products made entirely or almost entirely of steel, aluminum or copper will be subject to 50 percent duties on their full value.
- Derivatives substantially made of such materials will pay 25 percent tariffs, while products made of 15 percent or less steel, aluminum or copper will be exempt from the sectoral tariffs.

### Expert Commentary
This article covers tariffs, lead, steel topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 563.