With a snap election looming, South Korea's rival parties jockeyed for position with vows to focus on the economy and livelihood, but the leaderless country remains hamstrung when it comes to confronting the biggest threat: Trump and tariffs.
South Koreas acting President Han Duck-soo has ordered emergency support measures for industries affected by sweeping new U.S. tariffs, including a 25% tariff on Korean automobile exports. The move follows President
April 2, 2025: Trump's Tariff' Liberation Day": Trump announces sweeping tariffs on almost all countries at half the rate the administration claims they charge the U.S. Some Senate Republicans join Democrats in a vote to invalidate Trump's tariffs on Canada.
When asked about the report, a spokesperson for South Korea's trade ministry said that “the suggestion that there was a joint response to US tariffs appears to have been somewhat exaggerated ...
U.S. trading partners reacted from a range of relief to anger after President Donald Trump imposed tariffs on trading partners.