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South Korea holds emergency meeting on Trump's potential steel tariffs
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South Korea holds emergency meeting on Trump's potential steel tariffs
Feb 9, 2025 10:57 PM

SEOUL, Feb 10 (Reuters) - South Korea's Industry

Ministry said on Monday it held an emergency meeting with

steelmakers in Seoul to discuss measures to minimise the impact

of potential U.S. tariffs.

U.S. President Donald Trump said on Sunday he will announce

new 25% tariffs on all steel and aluminum imports into the U.S.

on Monday, in another major escalation of his trade policy

overhaul.

The ministry said it was trying learn the details of the

potential tariffs, and would work closely with steelmakers to

actively respond to the potential tariffs.

Korean steelmakers supply steel to the factories of car

makers Hyundai Motor ( HYMTF ), Kia Motors as well as television and home

appliance companies like Samsung Electronics ( SSNLF ) and LG Electronics

in Mexico and the United States, industry officials said.

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