SOUTH KOREA ORDERS EMERGENCY RESPONSE TO TRUMP’S 25% TARIFF

Mario Nawfal

@MarioNawfal
🇰🇷 SOUTH KOREA ORDERS EMERGENCY RESPONSE TO TRUMP’S 25% TARIFF

South Korea’s acting President Han Duck-soo has ordered emergency support for industries affected by new U.S. tariffs, including the auto sector.

The move follows Trump’s announcement of global reciprocal tariffs, which hit South Korea with a 25% rate.

Han directed the industry minister to negotiate with Washington and analyze the tariff impact.

Speaking with top officials, Han stated, “the government must pour all its capabilities to overcome the trade crisis.”

He will meet with the private sector to discuss next steps.

The U.S. tariffs threaten South Korean exports just as global trade tensions intensify under Trump’s new economic doctrine.

Source: Yahoo

Mario Nawfal

@MarioNawfal
🇰🇷 SOUTH KOREA TO LAUNCH EMERGENCY RESPONSE OVER U.S. AUTO TARIFFS

South Korea is bracing for what it calls “considerable difficulties” after Trump’s new import tariffs on foreign cars.

The Industry Minister announced an emergency response plan will be unveiled by April to shield the nation’s auto industry from economic fallout.

Trump’s 25% auto tariff has rattled global markets, triggering sharp reactions across Asia and Europe.

Seoul says the tariffs directly threaten one of its largest export sectors.

Source: Yonhap

Mario Nawfal

@MarioNawfal
🚨🇺🇸 TRUMP: I AM ORDERING 25% TARIFF ON IMPORTED CARS AND PARTS

Trump has reinstated and expanded a 25% tariff on foreign automobiles and auto parts to combat what he calls a threat to U.S. national security.

The proclamation follows findings that U.S. carmakers face rising foreign competition, supply chain chokepoints, and declining domestic production.

The tariffs—effective April 3 for cars and by May 3 for parts—aim to revive the U.S. auto industry and limit foreign dependence.

Exceptions exist under USMCA rules if enough U.S. content is verified.

Source: White House