South Korea is stepping up its game in the face of new U.S. tariff impositions. Acting president and Prime Minister Han Duck-soo declared that the government will deploy every available measure to overcome the current trade crisis. 💪
During an emergency meeting on economic security strategy, Han stressed that all sectors, especially industries like automotive 🚗, must be supported and examined closely to minimize the impact of the U.S. tariffs. Negotiations with U.S. counterparts are set to be a top priority as the nation braces for a global tariff war.
The move follows U.S. President Donald Trump’s plan to impose a 10% tariff on imports from all countries, with a steep 25% rate specifically targeting South Korea. In today’s high-stakes global market, strong, decisive actions are essential to protect local industries and maintain economic stability.
This bold approach reflects South Korea's commitment to safeguarding its economy while navigating the complexities of international trade. Stay tuned as this trade saga unfolds on the global stage!
Reference(s):
S. Korea to use all measures to tackle U.S. tariff imposition
cgtn.com
