Trump imposes 26 percent tariffs on Korea, with negotiations urged to mitigate the impact.
Seoul shares closed lower on Thursday, but pared some earlier losses in the afternoon after opening sharply lower in the wake of U.S. President Donald Trump’s aggressive “reciprocal” tariffs announcement overnight.
Korea faces high tariffs from the United States, with its lack of a sitting president complicating negotiations.
Korea's exports of agricultural and food products jumped 7.9 percent on year in the first quarter, with instant noodles surging 27.3 percent.
Tariff rates in annex contradict those of Trump's speech, affecting several countries including Korea.
Seoul stocks opened sharply lower on Thursday in the wake of U.S. President Donald Trump’s aggressive “reciprocal tariffs" announcement.
U.S. President Donald Trump's announcement of 25 percent "reciprocal tariffs" on Korea are more severe than expected despite a slew of Korean companies recently announcing massive investment commitments in the United States.
U.S. President Donald Trump on Wednesday announced plans to impose 25 percent "reciprocal" tariffs on Korea as he seeks to cut America's trade deficits and bolster domestic manufacturing.
The average rental return rate on officetels in Korea rose to 5.49 percent in February.
Companies listed on the main bourse reported a sharp rise in their earnings last year, data showed Wednesday, with techs and financials leading the overall gains.
Korea JoongAng Daily Sitemap
