Published on: 2025/08/07 12:36
As we just heard, U.S. President Donald Trump now says he will impose higher tariffs on chips,.. unless companies are manufacturing in the United States.
And with President Lee Jae Myung set to meet Trump soon, eyes are now on the economic impact this may have on South Korean businesses and the economy.
For more this, we're joined by Professor Shim Myungkyu, Associate Professor of Economics at Yonsei University.
Professor Shim, thanks for joining us this morning.
1. Trump said the United States will charge a 100-percent tariff on foreign-made chips, and he also said he plans to announce tariffs on pharmaceuticals soon. How might this affect Korean companies?
2. South Korea and the United States reached a trade deal last week. Will the details of the tariff agreement be on the agenda when Presidents Lee Jae Myung and Donald Trump meet later this month?
3. But the two countries remain at odds on key details of the agreement. With disagreements over issues like rice market access and Trump's unpredictability, how will talks on the specific details of the deal unfold?
4. U.S. tariffs on its trading partners are set to take effect on Thursday local time. What impact will this have on the global economy?
Alright Professor Shim, thank you so much for your insight today. We appreciate it.
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