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Dave Camp: “If the gentleman would yield, actually the tariff asymmetry works the other way around. By value, 73 percent of U.S.…”

On the recordOctober 12, 2011
If the gentleman would yield, actually the tariff asymmetry works the other way around. By value, 73 percent of U.S. textile exports to South Korea would receive duty-free treatment immediately upon entering into force. In contrast, only 52 percent of South Korean textile exports to the U.S. by value would become duty-free immediately. So, in addition, it's worth noting that South Korean exports to the United States have fallen by 50 percent over the past 5 years, while U.S. exports to South Korea have nearly doubled.
Said by
Dave Camp
Michigan
Source
govinfo.gov
Oct 12, 2011

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