Month: March 2025
South Korea’s auto sector is expected to face “considerable difficulties” when U.S. import tariffs on cars announced by President Donald Trump take effect and the government plans an emergency response by April, the industry minister said on Thursday, March 27, Reuters reports.
South Korea will also actively engage the U.S. government to explore measures to minimize the negative impact on South Korea’s auto companies and suppliers, Industry Minister Ahn Duk-geun told a meeting with industry officials.
“Global uncertainties are growing but South Korean auto companies will not be fighting alone,” Ahn said. The government will consider financial assistance, investment support, and help with market diversification, Ahn said.
Trump unveiled a 25% tariff on imported vehicles, prompting criticism and threats of retaliation from countries affected by the move.
Рекомендуем к прочтению.#mediaaz #новости #азербайджанhttps://t.co/gjTHpVgv0t
— Media.Az (@MediaAz1) March 27, 2025
