South Korea Seeks More U.S. LNG Imports to Fix Trade Imbalance ...Middle East

OILPRICE - Economy
South Korea Seeks More U.S. LNG Imports to Fix Trade Imbalance
source : OILPRICE ( Middle East ) () 54
South Korea has thrown in the towel without a fight after the U.S. slapped tariffs on all of the country’s trade partners. Seoul is looking at more LNG imports to get Washington to drop the new tariffs. Per a Bloomberg report, the South Korean government is working on several packages of measures to be taken to erase the trade surplus it has with the U.S. in a bid to convince President Trump to remove the additional tariffs, with the focus on boosting imports instead of cutting exports. “We need to adjust the US trade balance, which…

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