Korean exports expected to see US tariff impact starting second quarter, trade minister says 1 hour ago Korean exports will likely come under the substantive influence of U.S. tariffs starting in the second quarter, the trade minister said Thursday, pledging "swift" support measures for affected industries. "Local industries are feeling a growing sense of unease as unprecedented uncertainties persist," Trade Minister Cheong In-kyo said in a meeting with export-related officials, noting the impact of tariffs imposed by the Donald Trump administration is anticipated to materialize in the second quarter. Cheong said the government will work together with related authorities to closely monitor export conditions in each region and "swiftly" devise measures to ease challenges faced by local exporters. The government has announced plans to inject trillions of won in financial support to help exporters weather the effects of Washington's hefty tariffs on key items, including steel, aluminum and automobiles. In the first quarter, Korea's outbound shipments decreased 2.1 percent from a year earlier to $159.8 billion on the weak performance of the auto and machinery sectors, according to government d www.koreatimes.co.kr Read Entire Article Source To remove this article - Removal Request