SKorea Minister Still Concerned on US Tariff Impact on Exporters

SKorea minister still concerned on US tariff impact on exporters

SEOUL — South Korea’s industry minister said on Monday that the country managed to avoid the worst-case scenario by clinching a US tariff deal, but concerns remained over how the profitability of exporters would be affected by a 15 percent tariff rate.

South Korea industry minister still concerned about US tariff impact on exporters

SEOUL, Aug 4 (Reuters) – South Korea’s industry minister said on Monday that the country managed to avoid the worst-case scenario by clinching a U.S. tariff deal, but concerns remained over how the profitability of exporters would be affected by a 15% tariff rate. “There are concerns that the unprecedented 15% tariff will have a […] The post South Korea industry minister still concerned about US tariff impact on exporters appeared first on Moder…

Certain fertilizer importers to face higher US tariffs

The latest round of US tariff rates have been predicted to affect a large swath of fertilizer exporters to the US starting 7 August, 2025, while keeping levies for some key countries stable at 10%, as reported by Argus Media.

South Korea’s industry minister still concerned about US tariff impact on exporters

There are concerns that the unprecedented 15% tariff will have a significant impact on the profitability of companies exporting to the US.

South Korea's exports forecast to decline 3 pc in Q3 amid US tariff impacts - tennews.in: National News Portal

Seoul, Aug 4 (IANS) South Korea’s exports are projected to decline by around 3 percent from a year earlier in the third quarter, as the United States’ aggressive tariff scheme begins to affect global trade and industry, the state-run Export-Import Bank of Korea said on Monday. Outbound shipments for the July-September period are expected to […] The post South Korea’s exports forecast to decline 3 pc in Q3 amid US tariff impacts appeared first on…