Seoul Warns U.S. Tariffs Would Hit South Korean Economy Hard

South Korea’s vice industry minister warned on 8 July that any new tariffs imposed by the United States would exert a “major impact” on the country’s economy, underscoring Seoul’s concern about potential disruptions to exports and domestic growth. The comment, delivered during a briefing, aligns with a separate caution from the head of a United Nations trade agency earlier in the day about the broader ramifications of U.S. tariff measures. Washington has not yet confirmed whether it will proceed with additional duties on South Korean goods.