SEOUL - The chief of South Korea's central bank said on Friday that uncertainties have grown concerning the prospects of trade talks between the United States and China, after US President Donald Trump warned of imposing extra tariffs on Chinese goods.
"It is true that uncertainties have grown further over the US-China trade talks," Bank of Korea governor Lee Ju-yeol said at a meeting on financial and economic status. "But we need to calmly keep watch as there are considerable expectations that the two countries will continue efforts to strike a deal."
The monetary policymaker also urged BOK executive members to closely examine the consequences of the ongoing trade talks upon the domestic market. In a statement, the central bank said the mounting trade conflict has negatively affected investor sentiment in global financial markets and expanded uncertainties in price variables.Also, the Office of the United States Trade Representative filed paperwork to raise tariffs on US$200 billion on Chinese imports to 25 per cent from the previous 10 per cent.
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