WASHINGTON•SEOUL, Jan. 15 (Korea Bizwire) – South Korea is preparing for “all possibilities” as it weighs how to respond if the U.S. Supreme Court strikes down President Donald Trump’s sweeping, country-specific tariffs, a senior trade official said Wednesday, underscoring the uncertainty facing global markets as Washington’s trade policy hangs in the balance. Trade Minister Yeo [...]
SEOUL, July 8 (Korea Bizwire) — The mounting cost burden of U.S. tariff policies under the Trump administration is beginning to show in the earnings of South Korea’s top electronics manufacturers, with Samsung Electronics and LG Electronics both reporting sharp profit declines in the second quarter. The impact stems from a series of U.S. tariff measures, [...]
SEOUL, June 4 (Korea Bizwire) — U.S. President Donald Trump signed a proclamation Tuesday raising tariffs on imported steel and aluminum from 25% to 50%, dramatically escalating trade tensions and sending shockwaves through South Korea’s embattled steel industry. The move, viewed by many as the realization of a “steel curtain” around the U.S. market, erects [...]