SEOUL, March 27 (Korea Bizwire) — U.S. President Donald Trump’s recent announcement to levy 25 percent tariffs on all imported vehicles next month is expected to deal a heavy blow to South Korean carmakers, which largely depend on shipments to the United States, analysts said Thursday. Trump signed a proclamation to impose the new tariffs [...]
SEJONG, Jan. 11 (Korea Bizwire) — South Korea’s finance minister called Friday for an exemption from U.S. tariffs on South Korean automobiles as he expressed deep concerns about an ongoing U.S. probe. Hong Nam-ki, the minister of economy and finance, made the appeal in a meeting with U.S. Ambassador to South Korea Harry Harris at [...]
SEOUL, Sept. 26 (Korea Bizwire) –Regarding recent reports that U.S. President Trump had asked his aides to review the possibility of lifting tariffs for Korean-made cars, key players within the local car industry are letting out a collective sigh of relief as a possible disaster seems likely to be averted. Previously, the U.S. government cited [...]