LBCI

South Korea Trade Minister says Trump steel tariffs to hit companies' profits

World News

11-02-2025 | 03:03

Share

Share

South Korea Trade Minister says Trump steel tariffs to hit companies' profits

On Tuesday, South Korea's Trade Minister Cheong In-kyo said that U.S. President Donald Trump's 25% tariffs on steel and aluminum imports due to come into force in March would reduce U.S. steel demand and erode steel exporters' profitability.

He said the tariffs may offer opportunities for Korean companies to find new export markets.

South Korea will "actively consider" whether there is room for negotiation on the tariffs with the United States, even though Trump raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions."

Reuters

World News

US

South Korea

Tariffs

Profit

Next

New Zealand rethinks opposition to deep-sea mining

Philippines kicks off election campaigning amid VP impeachment drama

Previous

Recommended For You

Trump spares smartphones, computers, other electronics from his 125% China tariffs

14:45

Trump spares smartphones, computers, other electronics from his 125% China tariffs

Russia's Lavrov praises Trump's understanding of Ukraine conflict

09:12

Russia's Lavrov praises Trump's understanding of Ukraine conflict

Magnitude 5 earthquake strikes Pakistan

04:24

Magnitude 5 earthquake strikes Pakistan

Sudan paramilitaries kill 32 in attack on key Darfur city: Activists

2025-04-11

Sudan paramilitaries kill 32 in attack on key Darfur city: Activists

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Fuel prices drop in Lebanon

Lebanon Economy

2025-04-11

Fuel prices drop in Lebanon

Judicial probe widens: Legal storm over former Economy Minister Amin Salam amid financial scandal

News Bulletin Reports

2025-03-21

Judicial probe widens: Legal storm over former Economy Minister Amin Salam amid financial scandal

Trump spares smartphones, computers, other electronics from his 125% China tariffs

14:45

Trump spares smartphones, computers, other electronics from his 125% China tariffs

Germany to post staff for EU's Gaza-Egypt border mission, government source tells Reuters

Israel-Gaza War Updates

2025-02-12

Germany to post staff for EU's Gaza-Egypt border mission, government source tells Reuters

Videos

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

Israeli official urges international support for Lebanese government and army

Middle East News

2025-03-19

Israeli official urges international support for Lebanese government and army

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

2025-02-14

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

Saad Hariri holds series of diplomatic and religious meetings in Beirut

2025-02-13

Saad Hariri holds series of diplomatic and religious meetings in Beirut

Most read

24 hours

7 days

Month

On the path to reform: Beirut Airport undergoes major upgrades ahead of summer season

1

On the path to reform: Beirut Airport undergoes major upgrades ahead of summer season

Former Economy Minister from Washington: US deems Lebanon a top priority for first time in 60 years

2

Former Economy Minister from Washington: US deems Lebanon a top priority for first time in 60 years

President Joseph Aoun marks 50th anniversary of Lebanon's civil war outbreak with call for national unity

3

President Joseph Aoun marks 50th anniversary of Lebanon's civil war outbreak with call for national unity

Lebanese Cabinet approves bank restructuring bill

4

Lebanese Cabinet approves bank restructuring bill

Most Hezbollah military sites ceded to army in South Lebanon: Source tells AFP

5

Most Hezbollah military sites ceded to army in South Lebanon: Source tells AFP

Upcoming IMF, World Bank Spring Meetings: Lebanon finalizes bank reform bill ahead of talks

6

Upcoming IMF, World Bank Spring Meetings: Lebanon finalizes bank reform bill ahead of talks

Israeli army spokesperson: Reservist seriously wounded in border operation with Lebanon

7

Israeli army spokesperson: Reservist seriously wounded in border operation with Lebanon

Multi-front tensions: Israel eyes US-Iran nuclear talks in Oman while expanding Gaza occupation

8

Multi-front tensions: Israel eyes US-Iran nuclear talks in Oman while expanding Gaza occupation

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More