South Korea has announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
Category
đź—ž
NewsTranscript
00:00South Korea on Wednesday announced emergency support measures for its auto sector, seeking
00:08to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen
00:13years of sharply rising exports to the United States.
00:17Trump has announced a 25% tariff on imported cars and light trucks starting on Thursday.
00:25The tariff covers more than $460 billion worth of imports of vehicles and auto parts annually.
00:50In 2024, South Korea's exports of automobiles to the United States stood at $34.7 billion,
01:00accounting for 49% of its total auto exports.