South Koreans are expressing deep concerns over the United States’ recent decision to impose steep tariffs on steel and aluminum imports. On February 10, U.S. President Donald Trump signed an executive order introducing a 25% tariff on all steel and aluminum coming into the country, effectively removing all existing exemptions, quotas, and exclusions. Set to take effect on March 12, 2025, the policy has ignited global debate over its potential impact.
“This isn’t just political posturing; it could seriously disrupt the global trade system,” said a South Korean civil servant interviewed by a local correspondent. Many in South Korea believe the tariffs could undermine free trade agreements, harm export industries, and lead to higher prices worldwide.
Trade experts warn that the move might trigger retaliatory measures from affected countries, intensifying trade tensions. “If global prices rise, it will ultimately be consumers who bear the brunt,” the civil servant added. The sentiment resonates with many South Koreans who are wary of the ripple effects on their economy and daily lives.
As one of the major steel exporters to the U.S., South Korea faces significant challenges ahead. The tariffs could lead to decreased exports, job losses in key industries, and strained diplomatic relations. South Korean businesses and government officials are reportedly exploring strategies to mitigate the impact and engage in dialogue with U.S. counterparts.
The international community watches closely as these developments unfold, aware that shifts in U.S. trade policy can have far-reaching consequences. For young people in the Global South, the situation serves as a reminder of how interconnected economies are and the importance of understanding global trade dynamics.
