India  
 
NewsR.in

South Korea unveils $2bn emergency help for carmakers after Trump tariff blow

IndiaTimes Wednesday, 9 April 2025
South Korea on Wednesday unveiled a $2 billion emergency support package for its crucial export-focused carmakers, warning US President Donald Trump's 25 percent tariffs on the sector could be a "significant blow". "Given that automobiles and auto parts are South Korea's top exports to the US, the decision to impose a 25 percent tariff on these items is expected to deliver a significant blow to our auto industry," the government said in a statement announcing the support measures.
0
shares		ShareTweetSavePostSend
 
Video Credit: Oneindia - Published
News video: Breaking: China Slaps 84% Tariffs on US Goods in Major Blow Amid Escalating Trade War with Trump

Breaking: China Slaps 84% Tariffs on US Goods in Major Blow Amid Escalating Trade War with Trump 03:01

 In a dramatic escalation of the trade war, China announced 84% retaliatory tariffs on US goods, effective Thursday. The move comes in direct response to President Trump’s prior tariff hike on Chinese imports. China’s State Council Tariff Commission condemned the U.S. action, calling it a grave...

You Might Like


Related videos from verified sources

Trump Says Countries ‘Kissing My A**’ for Tariff Exemptions Ahead of New U.S. Trade Crackdown |Watch [Video]

Trump Says Countries ‘Kissing My A**’ for Tariff Exemptions Ahead of New U.S. Trade Crackdown |Watch

President Donald Trump claims foreign leaders are "kissing his ass" to avoid upcoming steep tariffs, calling his strategy a success. Speaking at an NRCC dinner, Trump boasted that dozens of countries..

Credit: Oneindia     Duration: 03:26Published
Trump Tariffs Spare Russia And North Korea, Target Allies And Even Antarctic Penguins | Details [Video]

Trump Tariffs Spare Russia And North Korea, Target Allies And Even Antarctic Penguins | Details

President Trump’s sweeping global tariff plan has left allies stunned and adversaries relieved. While nations from Europe to Asia face a new 10% baseline tariff, even remote islands inhabited only by..

Credit: Oneindia     Duration: 03:00Published
'Major economic blow': EU and world leaders react to Trump's tariffs [Video]

'Major economic blow': EU and world leaders react to Trump's tariffs

'Major economic blow': EU and world leaders react to Trump's tariffs US President Donald Trump’s announcement of a new 20% tariff on the European Union drew a sharp rebuke from European Commission..

Credit: euronews (in English)     Duration: 01:30Published