Trump tariffs: South Korea says simplified US metal levy system will ease calculation burden
South Korea's trade ministry says the Trump administration's adjusted levies on metals will likely ease the burden its companies have been facing in calculating duties. But the country's home appliance makers are reportedly worried about profitability. The sector typically operates on single-digit margins, giving it little room to absorb costs burdens. The revisions came after American businesses raised concerns about the complexity of determining levy payments.
South Korea's trade ministry says the Trump administration's adjusted levies on metals will likely ease the burden its companies have been facing in calculating duties. But the country's home appliance makers are reportedly worried about profitability. The sector typically operates on single-digit margins, giving it little room to absorb costs burdens. The revisions came after American businesses raised concerns about the complexity of determining levy payments.
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