	seoul announces more tariff cuts for u s south korea will cut import taxes on goods including construction equipment cigarettes and tobacco to help reduce its  surplus with the united states the finance ministry said today the tariff cuts of between five and pct will take effect on july south korea ran a  surplus of billion dlrs with washington in sharply up from billion in today s announcement brings to the number of goods for which similar measures were taken this year a ministry official said the are among about items on which washington has asked seoul to lower tariffs this is in line with the government s policy to limit our  surplus with the united states to help reduce  friction between the two countries said the official reuter 
