Trump Tariffs Archives | Be Korea-savvy

Trump Tariffs Weigh Heavily on Samsung and LG as U.S. Trade Pressure Mounts

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, [...]

Trump Doubles Tariffs on Steel and Aluminum Imports, Shaking South Korea’s Export-Heavy Industry

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 [...]