Im I-ja, a People Power Party member and chair of the National Assembly's Finance and Economy Planning Committee, is scheduled to meet with Deputy Prime Minister Koo Yun-cheol, who is also Minister of Economy and Finance, on the 27th to hear about the background of the U.S. decision to raise tariffs on Korean products back to 25%, the level before the trade agreement, and discuss countermeasures.
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As President Donald Trump raised mutual tariff rates, citing that Korea had not implemented the Korea-U.S. tariff agreement, the Democratic Party moved forward in discussion, saying it will begin discussing a special law on U.S. investment for implementing the tariff agreement (a special law for managing strategic investment between Korea and the U.S.) starting next month.
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It remains unclear whether legislative discussion on the special law on U.S. investment will proceed smoothly starting in February according to the Democratic Party's plan. Finance and Economy Planning Committee Chair Im I-ja also said on a YouTube broadcast that day, "There would be reasons for wanting to ratify it and reasons for pushing through with a special law," while also saying, "The most important thing is that I must fulfill the people's right to know."
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