South Korea has exhausted quota on washing machine parts

Turning to trade, South Korea has apparently used up all of its quota for washing machine parts in the United States, meaning for the rest of this year it’ll have to pay a duty on them of 50 percent. The US customs service said Korea has shipped 99.9 percent of the parts quota of 50-thousand units. It’ll now be a lot more expensive for Samsung and LG to send parts to their US washing machine factories. That safeguard measure was imposed in February along with one for actual washing machines. For the machines, Korea still has more than half of its quota left over. – Arirang

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