The trade war between the U.S. and China is escalating, with both countries imposing tariffs and retaliatory measures. Korean companies exporting intermediate goods to China and investing in the U.S. are likely to be affected. China’s control over key mineral exports and potential circumvention of exports by Chinese companies disguised as ‘Made in Korea’ are also concerns. Despite a decrease in direct investment in China by Korean companies, China remains a significant investment destination for Korean manufacturers. The U.S. Customs and Border Protection may strengthen origin verification to prevent circumvention of exports.
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Auto-posted at: 2025-03-16 09:03:07