South Korea August Exports Miss Forecast as US Tariffs Weigh

South Korea August exports miss forecast as US tariffs weigh

SEOUL: South Korea's export growth in August slowed more than markets had anticipated, as tariffs sent U.S.-bound shipments tumbling to their sharpest decline since the COVID-19 pandemic, trade data showed on Monday.

South Korea August Exports Miss Forecast as US Tariffs Weigh

Exports to U.S. tumble by double digits as Trump tariffs catch up

The impact of the Donald Trump administration’s “tariff bomb” is beginning to take hold, with Korea’s exports to the United States falling by double digits at 12 percent in August for the first time in 2025.

South Korea Adapts to U.S. Tariffs with Strategic Shifts in Key Sectors

The U.S. imposition of a 25% tariff on South Korean exports has sent shockwaves through global supply chains, particularly in the automotive, semiconductor, and steel sectors. This move, the highest tariff rate for a U.S. Free Trade Agreement (FTA) partner, threatens to squeeze profit margins and disrupt trade flows. However, South Korea’s strategic adaptations reveal a resilient economy poised to… Source