U.S. President Donald Trump said the White House would announce a 'reciprocal tariff' before Indian Prime Minister Narendra Modi visits the White House on the 12th.
On the same day, White House Spokesperson Caroline Rabbitt noted during a briefing that the announcement of the reciprocal tariff would come before Prime Minister Modi visits the White House tomorrow (13th).
Prime Minister Modi, who is visiting the U.S. for two days, is scheduled to hold a summit with President Trump at the White House on the 13th.
Reciprocal tariffs mean that the U.S. would impose tariffs on products from other countries equivalent to the tariffs that those countries apply to American goods.
South Korea has signed a free trade agreement (FTA) with the U.S., resulting in no tariffs on most products. However, there are concerns that the U.S. may impose tariffs citing non-tariff barriers.