US Courts South Korea in Shipbuilding Alliance Against China
The U.S. is urging South Korea to collaborate in countering China's shipbuilding dominance, amid growing Chinese market share concerns. This potential alliance involves the shipbuilding sector and other areas, with discussions on tariffs also on the table. China's foreign ministry stresses that agreements shouldn't harm third-party interests.
The United States is urging South Korea to join a strategic partnership aimed at counteracting China's rising influence in the shipbuilding industry, according to a senior Seoul trade official on Friday.
Trade Policy Director Chang Sung-gil highlighted Washington's concerns over China's expanding market share in shipbuilding at a recent forum. The U.S. is keen on involving Seoul in cooperative efforts, while also discussing reciprocal tariff reductions in various sectors, including automobiles and steel.
In response, China's foreign ministry emphasized the importance of handling trade relations without negatively impacting third parties. Talks also cover potential increases in U.S. energy and agricultural imports by South Korea, a politically sensitive topic in Seoul.
(With inputs from agencies.)
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