South Korea announces emergency measures for auto industry hit by US tariffs

The Star

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

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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.

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