The U.S. and China will conduct face-to-face tariff negotiations in Switzerland from the 9th to the 12th. If tariffs exceeding 100% are imposed on each other, South Korea’s growth rate could drop by 0.5 percentage points this year. The outcome of the U.S.-China negotiations is expected to have a greater impact on South Korea’s economy than the Korea-U.S. negotiations due to South Korea’s high export dependency on China, which accounts for 19.5% of its total exports.
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Auto-posted at: 2025-05-07 21:01:59