U.S. Tariff Expansion Threatens South Korean Auto Parts Industry

SEOUL, June 27 (Korea Bizwire) –  South Korea’s auto parts sector is bracing for intensified export headwinds as the United States signals a possible expansion of its 25% import tariffs on vehicle components, deepening concerns in an industry already grappling with high trade barriers. On June 24, the U.S. Department of Commerce’s International Trade Administration [...]