S. Korean Gov't pledges all-out efforts to minimize impact from U.S. chip tariff proclamation

SEOUL -- The government convened an emergency meeting Thursday to assess the impact of Washington's plan to impose 25 percent tariffs on certain semiconductor imports, focusing on response strategies for South Korean chipmakers, according to officials.The meeting, chaired by Industry Minister Kim Jung-kwan, took place just hours after U.S. President Donald Trump's administration issued a proclamation outlining a two-phase plan to adjust imports of semiconductors, semiconductor manufacturing equipment and their derivative products.The plan includes applying a 25 percent tariff on certain ar…READ FULL ARTICLE