South Korea's Trade Minister warns of increased U.S. investments amid proposed tariffs post-Trump win.

Following Donald Trump's victory in the 2024 presidential election, South Korea's Trade Minister, Cheong In-kyo, indicated that South Korean companies may increase investments in the U.S. if tariffs rise. Proposed tariffs of 10% to 20% could lead to significant export losses for South Korea. The Ministry of Trade has convened emergency meetings to strategize responses, emphasizing the potential impact on key industries like semiconductors and automotive.

November 06, 2024
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