Reported 19 days ago
Following Donald Trump's victory in the 2024 U.S. presidential election, South Korea's trade minister suggested that domestic firms might increase their investments in the U.S. if higher tariffs are implemented. He indicated that while the government would engage in trade diplomacy, individual companies might expedite their investments to adapt to a protectionist U.S. policy. The minister acknowledged the significant economic risk, particularly for South Korean automakers heavily reliant on the U.S. market, amid concerns about potential tariffs impacting trade dynamics.
Source: YAHOO