On February 10, U.S. President Donald Trump signed an executive order imposing a 25-percent tariff on all steel and aluminum imports, eliminating all related exemptions, quotas, and exclusions. Set to take effect on March 12, 2025, this policy has quickly captured global attention and ignited widespread debate.
South Koreans have voiced significant concerns regarding the potential fallout of these tariffs. According to interviews conducted by CGTN Stringer, many in South Korea view this move as more than a mere political strategy. They fear it could have profound implications for the global trade system and everyday consumers.
One South Korean civil servant highlighted that the U.S. tariff policy might undermine existing free trade agreements, negatively impact the export industries of other nations, and drive up global prices. This, in turn, could lead to a rise in the cost of living for consumers worldwide.
The consensus among South Korean stakeholders is that the U.S. tariffs may intensify existing global trade tensions, potentially disrupting international markets and economic stability. As nations navigate these changes, the ripple effects of such policies will likely shape the future of global trade and economic relations.
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South Koreans say U.S. tariffs will intensify global trade tensions
cgtn.com
