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.