South Korea plans countermeasures against US tariffs on auto imports, harming their automotive industry.
The South Korean government is planning to develop countermeasures to the US's proposed tariffs on auto imports, which are expected to harm South Korea's automotive and auto-parts industries. In a meeting with automakers like Hyundai and GM Korea, officials discussed diversifying export destinations and seeking policy financing to mitigate the impact. Automakers urged the government to highlight their economic contributions to the US and take comprehensive action against the tariffs.
6 weeks ago
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