U.S.-China trade war affects S. Korea..."S. Korea's IT exports to China to go down 20%, overall exports to go down 5%"

  • 6 years ago
With the United States placing a 25-percent tariff on some Chinese imports last week,... South Korea could get caught in the crossfire of any trade war between the economic superpowers.
According to the Hyundai Research Institute,... the U.S. tariffs on China's communication technology, aerospace, information and machinery products,... will impact South Korea's exports.
Korea's IT exports to China could fall by 20-percent,... with Korea's overall export numbers to decrease by five percent.
China's reciprocal tariffs on U.S. imports will have less of an effect on South Korea,... as researchers estimate the loss in exports to be under 100-million dollars.