On April 3, 25% will enter the strength of importing cars in the United States. South Korea and Japan are large exporters of cars in the United States.
The ministers of the Japan, China and South Korea industry discussed the free trade agreement with Seoul. It was written by Bloomberg.
“The leaders of the trading departments of China, Japan and South Korea have pledged to deepen economic relations a few days before the Trump administration aims to introduce new tariffs for the countries of the world,” the material said.
Ministers acknowledged that “the need for ongoing economic and trade cooperation for an effective solution to new challenges and achieving tangible results in major areas.”
The meeting took place shortly before the 25% duty of importing cars in the United States was initiated on April 3. South Korea and Japan were large exporters of cars in America.
US President Donald Trump is also expected to announce the So -called mutual tariff that could affect sectors such as semiconductors and pharmacists.
Any effect on sales of microcircuits is especially destructive for South Korea, as they remain a major growth driver for a export country, the newspaper writes.
Remember that Tesla’s shares were unexpectedly departed after the US president introduced a 25% fee for importing cars and auto parts.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.