South Korea’s top economic think tank on Tuesday slashed its growth forecast for the country’s economy for the second time in four months, expressing concern about the potential impact of U.S.

South Korea's Trade Minister Cheong In-kyo said on Tuesday that U.S. President Donald Trump's 25% tariffs on steel and aluminum imports due to come into force in March would reduce U.S. steel demand and erode steel exporters' profitability.

SEOUL (Reuters) - South Korea's acting President Choi Sang-mok discussed on Monday responses to U.S. President Donald Trump's proposed tariffs on steel and aluminum, last week's U.S.-Japan summit, and responding to major trade issues in the digital sector in a government meeting, the finance ministry said.

United States President Donald Trump signed two executive orders on Monday to impose a 25% tariff on aluminum and steel imports. "This is a big deal, the beginning of making America rich again," the president said from the Oval Office after signing the order,

Shares of South Korean steelmakers dropped on Monday, after U.S. President Donald Trump said he would introduce new tariffs. POSCO Holdings shares fell as much as 3.6% to 230,500 won, the lowest since October 2022,