South Korea Prepares for U.S. Tariff Deadline, Unveiling New Export Measures

As a looming deadline for U.S. tariffs approaches on July 8th, South Korea is implementing measures to mitigate the impact on its export-driven economy. The nation’s Finance Minister has outlined new support packages for industries like pharmaceuticals and semiconductors, aiming to safeguard key sectors from potential economic hardship caused by the trade tensions with the United States. These plans follow earlier aid measures aimed at automotive and chip firms as a response to U.S. tariffs.