Individuals watch a stay broadcast of the US presidential election at Seoul Station in central Seoul on Wednesday. (Yonhap)
South Korean commerce authorities on Wednesday started discussing methods in response to potential US commerce insurance policies below Donald Trump’s second time period as president.
The Ministry of Commerce, Trade and Power mentioned it convened an emergency assembly to assessment potential coverage responses centered round Trump’s marketing campaign pledges.
The ministry has been carefully monitoring and analyzing the doable impacts of the US election end result on main industries, together with semiconductors, vehicles, batteries and metal.
On Thursday, one other assembly, led by Trade Minister Ahn Duk-geun, will probably be held to assemble suggestions and finalize particular response methods.
A second Trump presidency may have vital implications for South Korea’s commerce coverage, as Trump has beforehand prompt imposing an as much as 20 % tariff on all items imported into the US. (Yonhap)
