The United States recently imposed a 25 percent tariff on all steel and aluminum imports, ending South Korea’s duty-free quota for steel exports. This move has stirred concerns among South Korean residents about its impact on the local and global economy.
In interviews conducted across South Korea, many expressed apprehension over the tariffs, viewing them as just the beginning of potential trade tensions. “The U.S. tariffs on steel and aluminum are just the start. President Trump wants to boost America’s wealth at the expense of others,” one resident remarked.
Another individual emphasized the need for a strong response: “The South Korean government should take a tough stance in defending the rights of our people. We cannot afford to be passive in this situation.”
The tariffs are expected to have significant implications for South Korea’s steel industry, a vital sector for the nation’s economy. Experts warn that the increased costs could lead to reduced exports, job losses, and strained trade relations.
As the situation unfolds, South Koreans are watching closely, hoping for measures that will safeguard their economic interests while navigating the complexities of international trade.
