Tags: south korea | shipments | us | trade | tariffs

South Korea April 1-20 Exports Fall as US Shipments Drop Amid Tariffs

Sunday, 20 April 2025 09:01 PM EDT

South Korea's exports for the first 20 days of April fell 5.2% from a year earlier, dragged down by U.S.-bound shipments, customs data showed on Monday, amid President Donald Trump's sweeping tariff policies.

From this month, the U.S. has introduced 10% blanket tariffs and 25% auto tariffs, while 25% reciprocal tariffs on South Korea are currently paused for 90 days.

Exports to the U.S. fell 14.3%, while those to China, which is in a trade war with Washington, declined 3.4%. Shipments to the European Union rose 13.8%.

By product, exports of automobiles fell 6.5% and auto parts lost 1.7%, while semiconductors rose 10.7%. 

© 2025 Thomson/Reuters. All rights reserved.


GlobalTalk
South Korea's exports for the first 20 days of April fell 5.2% from a year earlier, dragged down by U.S.-bound shipments, customs data showed on Monday...
south korea, shipments, us, trade, tariffs
103
2025-01-20
Sunday, 20 April 2025 09:01 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved