S Korea worries about China’s possible export reduction to US
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, South Korea’s Central Bank expressed its worries about a possible reduction in China’s exports to the USA in a study conducted on factors that might affect South Korea’s economy. This followed the threat voiced by Trump during the presidential campaigns about imposing import tariffs on Chinese products.
The Bank of Korea reportedly said that a 10% reduction in China’s exports to the US might negatively affect the demand for Korea’s intermediary goods and cause Korea’s overall exports to fall by 0.36%.
Electronics, semiconductors and petrochemical industries in South Korea will potentially be the first sectors that will particularly be affected negatively in case of a potential damage in trade between China and the US, the reports said.
The Bank of Korea reportedly said that a 10% reduction in China’s exports to the US might negatively affect the demand for Korea’s intermediary goods and cause Korea’s overall exports to fall by 0.36%.
Electronics, semiconductors and petrochemical industries in South Korea will potentially be the first sectors that will particularly be affected negatively in case of a potential damage in trade between China and the US, the reports said.
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