South Korea's Export Growth Expected to Slow Due to Rising US Tariffs

Reported about 22 hours ago

A Reuters poll indicates that South Korea's export growth likely slowed in August due to elevated U.S. tariffs enacted after a recent trade deal with the Trump administration. Exports are projected to rise by 3.0% year-on-year, down from 5.8% in July, marking the weakest growth in a three-month streak. Despite strong semiconductor demand, exports to the U.S. have decreased, suggesting ongoing impacts from the tariffs and a broader slowdown in global demand.

Source: YAHOO

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