On-point: Why 25% reciprocal tariffs for South Korea?

Trump's so-called Liberation Day tariffs are reigniting yet another global trade war, and South Korea is cornered in once again.

How to survive through Trump's trade war this time?

Let's turn to Professor Hur Joon-young.

Welcome.

1. Why a whopping 25% for South Korea when it's 34% for China, 32% for Taiwan, 24% for Japan, and 20% for the EU?

2. The Trump administration has expanded its tariffs on aluminum to include canned beer imports.

3. Trump's tariff policies will highly likely be a blow to American consumers, hike up prices, and worsen consumer sentiment.

4. Should we expect more tariffs to come?

5. South Korea's trade minister made visits to the U.S. himself to sort things out but clearly, the trips weren't as fruitful as we all hoped.

Thanks so much for sharing your insight with us this morning.