South Korea is gearing up for a high-stakes trade showdown as the US announces new tariffs targeting key industries. Acting President Han Duck-soo vowed to deploy 'all measures' to mitigate economic fallout, calling the situation a 'global tariff war.' 🌍⚡️
💼 During an emergency economic strategy meeting, Han urged ministers to analyze the impact of the US tariffs—which include a steep 25% levy on South Korean goods—and negotiate aggressively to 'minimize damage.' The automotive sector, a cornerstone of the country's economy, is expected to bear the brunt of the measures.
📉 US plans to impose a 10% global tariff and country-specific hikes have sent shockwaves through international markets. 'We must act swiftly to protect our industries and jobs,' Han emphasized, ordering pan-governmental support for affected businesses.
🔍 Analysts warn this move could reignite trade tensions reminiscent of the 2018 US-China tariff clash. Will Seoul's counterstrategy foster collaboration or deepen divisions? Stay tuned for updates as negotiations unfold. 📈✨
