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South Korea’s exports dropped 10.6% in early September 2025 due to new U.S. tariffs and weakening global demand.
South Korea’s exports fell 10.6% year-on-year in early September 2025, signaling economic strain amid new U.S. tariffs that took effect in August.
The country paid $3.3 billion in U.S. tariffs in the second quarter, a 47-fold increase from the prior quarter, driven by a 25% auto tariff and the loss of preferential trade status.
Despite gains in semiconductors and automobiles, overall export growth slowed as pre-tariff surges faded and global demand weakened.
The effective tariff rate reached 10%, the third-highest globally, while diplomatic tensions flared after a U.S. raid detained over 300 South Korean workers.
Though a trade surplus of $1.89 billion was recorded, the downturn highlights mounting challenges for South Korea’s export-dependent economy.
Las exportaciones de Corea del Sur cayeron un 10.6% a principios de septiembre de 2025 debido a los nuevos aranceles de Estados Unidos y al debilitamiento de la demanda global.