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South Korea mobilizes rapid response to US reciprocal tariffs

( April 3, 2025, 05:47 GMT | Official Statement) -- MLex Summary: South Korea responded swiftly after US President Donald Trump announced 25 percent reciprocal tariffs on South Korean imports, with Acting President Han Duck-soo saying during an emergency meeting that "global trade wars have become reality." Finance Minister Choi Sang-mok activated market stabilization plans and implemented 24-hour monitoring, while Minister of Trade, Industry and Energy An Duk-geun met with business leaders to coordinate support for affected sectors. The government promised to actively pursue high-level consultations with the US through various channels, including ministerial and working-level officials, while conducting detailed impact analyses and rapidly developing emergency support measures for industries affected by the tariffs.The statements, in Korean, are attached....

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