U.S. adjustment of steel tariffs to lower administrative burden on companies: minister | Yonhap News Agency
Summary
OK SEOUL, April 9 (Yonhap) -- The United States' recent adjustment of its metal tariffs will likely reduce the overall administrative burden on South Korean companies, though the impact may differ by item, Seoul's trade minister said Thursday, vowing efforts to help companies minimize their burden. Trade Minister Yeo Han-koo made the assessment during a meeting with officials from industries affected by U.S. tariffs on steel, aluminum and copper imports, as well as their derivatives, according to the Ministry of Trade, Industry and Resources. Trade Minister Yeo Han-koo (R) holds a meeting with officials from private businesses and industries affected by U.S. metal tariffs in Seoul on April 9, 2026, in this photo provided by the Ministry of Trade, Industry and Resources. (PHOTO NOT FOR SALE) (Yonhap) nyway@yna.co.kr (END) Related Articles Impact of U.S. metal tariff adjustments to differ for export items: ministry (2nd LD) Trump gov't announces adjustments to metal tariffs, 100 pct pharmaceutical duty amid affordability concerns Keywords #US tariffs Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S. Korean road lined with cherry blossoms KOSPI falls prev U.S. adjustment of steel tariffs to lower administrative burden on companies: minister Next U.S. adjustment of steel tariffs to lower administrative burden on companies: minister
OK SEOUL, April 9 (Yonhap) -- The United States' recent adjustment of its metal tariffs will likely reduce the overall administrative burden on South Korean companies, though the impact may differ by item, Seoul's trade minister said Thursday, vowing efforts to help companies minimize their burden. Trade Minister Yeo Han-koo made the assessment during a meeting with officials from industries affected by U.S. tariffs on steel, aluminum and copper imports, as well as their derivatives, according to the Ministry of Trade, Industry and Resources. Trade Minister Yeo Han-koo (R) holds a meeting with officials from private businesses and industries affected by U.S. metal tariffs in Seoul on April 9, 2026, in this photo provided by the Ministry of Trade, Industry and Resources. (PHOTO NOT FOR SALE) (Yonhap) nyway@yna.co.kr (END) Related Articles Impact of U.S. metal tariff adjustments to differ for export items: ministry (2nd LD) Trump gov't announces adjustments to metal tariffs, 100 pct pharmaceutical duty amid affordability concerns Keywords #US tariffs Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S. Korean road lined with cherry blossoms KOSPI falls prev U.S. adjustment of steel tariffs to lower administrative burden on companies: minister Next U.S. adjustment of steel tariffs to lower administrative burden on companies: minister
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SEOUL, April 9 (Yonhap) -- The United States' recent adjustment of its metal tariffs will likely reduce the overall administrative burden on South Korean companies, though the impact may differ by item, Seoul's trade minister said Thursday, vowing efforts to help companies minimize their burden.
Trade Minister Yeo Han-koo made the assessment during a meeting with officials from industries affected by U.S. tariffs on steel, aluminum and copper imports, as well as their derivatives, according to the Ministry of Trade, Industry and Resources.
The administration of U.S. President Donald Trump simplified its tariffs on such products earlier this week so that they take effect based on their "full customs value." Previously, the U.S. imposed metal duties based on the value of the metal content in each of the products -- a more complicated calculation process.
With the simplification of U.S. tariffs, the overall administrative burden on domestic companies and uncertainties related to customs clearance are expected to decrease, Yeo said.
Under the new U.S. system, the number of products subject to the metal tariffs went down by 17 percent, with cosmetics, chemical, furniture and other products excluded from the list, according to the ministry.
Yeo, however, said the government will remain vigilant as the U.S. may include additional items in the list of derivatives subject to tariffs after a planned review of the system, while continuing efforts to devise necessary support measures for companies.
Trade Minister Yeo Han-koo (R) holds a meeting with officials from private businesses and industries affected by U.S. metal tariffs in Seoul on April 9, 2026, in this photo provided by the Ministry of Trade, Industry and Resources. (PHOTO NOT FOR SALE) (Yonhap)
nyway@yna.co.kr
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## Expert Analysis
### Merits
N/A
### Areas for Consideration
- Trade Minister Yeo Han-koo (R) holds a meeting with officials from private businesses and industries affected by U.S. metal tariffs in Seoul on April 9, 2026, in this photo provided by the Ministry of Trade, Industry and Resources. (PHOTO NOT FOR SALE) (Yonhap) nyway@yna.co.kr (END) Related Articles Impact of U.S. metal tariff adjustments to differ for export items: ministry (2nd LD) Trump gov't announces adjustments to metal tariffs, 100 pct pharmaceutical duty amid affordability concerns Keywords #US tariffs Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
### Implications
- OK SEOUL, April 9 (Yonhap) -- The United States' recent adjustment of its metal tariffs will likely reduce the overall administrative burden on South Korean companies, though the impact may differ by item, Seoul's trade minister said Thursday, vowing efforts to help companies minimize their burden.
- Yeo, however, said the government will remain vigilant as the U.S. may include additional items in the list of derivatives subject to tariffs after a planned review of the system, while continuing efforts to devise necessary support measures for companies.
- Trade Minister Yeo Han-koo (R) holds a meeting with officials from private businesses and industries affected by U.S. metal tariffs in Seoul on April 9, 2026, in this photo provided by the Ministry of Trade, Industry and Resources. (PHOTO NOT FOR SALE) (Yonhap) nyway@yna.co.kr (END) Related Articles Impact of U.S. metal tariff adjustments to differ for export items: ministry (2nd LD) Trump gov't announces adjustments to metal tariffs, 100 pct pharmaceutical duty amid affordability concerns Keywords #US tariffs Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
- Korea fires short-range ballistic missiles in back-to-back launch (LEAD) N.
### Expert Commentary
This article covers tariffs, metal, korea topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 571.
Original Source
https://en.yna.co.kr/view/AEN20260409003900320