Trump Administration Demands South Korea Lift Import Restrictions on 30-Month-Old Beef Amid Equal Tariff Negotiations
The Trump administration is pushing for equal tariff policies worldwide. On the 25th, South Korean officials revealed that both countries held the "second technical talks" in Washington. Reports indicate that the U.S. has demanded South Korea eliminate various non-tariff barriers in trade, including lifting restrictions on the import of U.S. beef older than 30 months.
Furthermore, according to The Wall Street Journal, President Trump threatened to impose a 50% tariff on European goods to encourage production to return to the U.S., which could impact the business model of the luxury goods industry. Brands are concerned that luxury items produced in the U.S. may no longer hold the same appeal.
