The political sphere voiced its "welcome" over the conclusion of the South Korea–U.S. tariff negotiations.
Park Soo-hyun, senior spokesperson of the Democratic Party of Korea, held a press conference at the National Assembly press room on the afternoon of the 29th and said, "Today, South Korea and the United States reached a final agreement on the details of the tariff negotiations," adding, "Hopes for the Korean economy and expectations for unhindered growth are becoming 'reality.'"
Senior spokesperson Park said, "We have cleared away uncertainties hanging over the Korean economy by lowering tariffs on our key export items such as automobiles and parts, adjusting semiconductor tariffs, and applying most-favored-nation treatment to some items," and added, "We also thoroughly defended our agriculture and rural communities by blocking further opening of the agricultural market."
Senior spokesperson Park said, "Our government has secured a more advantageous position in the new trade order," adding, "The final conclusion of the South Korea–U.S. tariff negotiations will be a force that firmly supports our economy. The KOSPI 4000 era will become the new normal, and hopes for the KOSPI 5000 era will blossom like a rainbow."
Ruling party lawmakers also welcomed the conclusion of the tariff negotiations in unison. Rep. Hwang Jeong-a said, "This is the result of President Lee Jae-myung's principle of putting the national interest first," adding, "We can be proud that we captured both rationality and the national interest better than any other country."
Lee Jun-seok, leader of the Reform Party, also said, "Our negotiating team fought hard in a difficult negotiating environment," adding, "Lowering it by 10 percentage points from the initial 25% appears to be close to the best possible outcome given our current situation."
Lee said, "It is very regrettable that the tower of the painstakingly built South Korea–U.S. FTA has been hollowed out," but added, "Although the total is $350 billion, by setting the annual investment cap at $20 billion, we have been able to significantly mitigate the impact on the foreign exchange market and our economy." Lee said, "I pay tribute to the diplomats and working-level negotiators who carried out the difficult talks," and added, "I also extend thanks and support to export companies, including Hyundai Motor, which have borne heavy burdens due to tariffs and have nevertheless endured with prudence."