• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home World

South Korea Fully Preparing For US Reciprocal Tariffs: Trade Minister

OMMCOM NEWS by OMMCOM NEWS
March 31, 2025
in World
Cheong In-kyo

Seoul: South Korea is making all-out efforts to fully prepare for the U.S. administration’s imposition of reciprocal tariffs, Seoul’s top trade official said on Monday, vowing strong support for businesses expanding into new markets.

Trade Minister Cheong In-kyo made the remarks during a meeting with exporters in Seoul, as U.S. President Donald Trump’s government is set to announce reciprocal tariffs aimed at matching the tariffs imposed by other nations on U.S. exports Wednesday (U.S. time).

“We are making thorough preparations to respond to the U.S. announcement on reciprocal tariffs, set for April 2. We have been in continuous negotiations with the U.S. to best protect our companies’ interests,” Cheong was quoted as saying by the Ministry of Trade, Industry and Energy, reports Yonhap news agency.

“We will also enhance support for exporters seeking alternative markets to brace for the spread of protectionism among major economies,” he added, according to the ministry.

The new tariff scheme is expected to impact South Korean companies and the broader economy, as exports serve as the country’s key growth engine.

Exporters called on the government to play an active role in minimizing the impact of the U.S. tariff policy, according to the ministry.

Meanwhile, acting President Han Duck-soo vowed last week to provide tailored assistance to businesses to protect them against a global “trade war.”

Han made the remark during a meeting with the leaders of six major business lobbies, including the Korea Chamber of Commerce and Industries and the Federation of Korean Industries, noting U.S. President Donald Trump’s announcement of 25 percent tariffs on all imported vehicles.

“Our economy is in difficulty as externally, there is growing uncertainty about the trade environment and technological competition from rival nations, while internally, the domestic political situation is unstable and sluggish domestic demand continues,” he said during the meeting at his official residence.

(IANS)

Tags: South KoreaU.S. President Donald Trump
ShareTweetSendSharePinShareSend
Previous Post

IPL 2025: Some Of CSK’s Mistakes Were Quite Painful To Watch, Says Rayudu

Next Post

Eid Prayers Held Peacefully In J&K As Thousands Throng To Mosques

Related Posts

World

Iran Launches Missiles Against US Bases In Iraq & Qatar, No Major Damage Reported

June 23, 2025
World

‘Security Of Nuclear Facilities Is High Priority’: India On Iran-Israel Conflict

June 23, 2025
World

China-Pakistan-Bangladesh Axis Poses New Challenge In Subcontinent

June 23, 2025
World

Unprovoked Aggression Against Iran Lacks Justification: Putin

June 23, 2025
Vladimir Putin
World

Russian President, Iraqi PM Discuss Regional Tensions Over Phone

June 23, 2025
World

Iranian FM Discusses US Attacks On Nuclear Sites With French, Italian Counterparts

June 23, 2025
Next Post

Eid Prayers Held Peacefully In J&K As Thousands Throng To Mosques

Maoist Leader Renuka With Rs 5 Lakh Bounty, Killed In Chhattisgarh Encounter

36 Aftershocks Hit Myanmar After Deadly 7.7-Magnitude Earthquake

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.