South Korea’s exports lost growth momentum in February as demand for semiconductors weakened and officials scrambled to engage the US in hopes of averting a hit from Donald Trump’s tariff campaign.
South Korea's exports experienced a decline in February due to reduced demand for semiconductors and concerns over U.S. tariffs under Trump's administration. The nation's trade-dependent economy is particularly susceptible to protectionist measures, prompting officials to negotiate with the U.S. to mitigate impacts on key industries like Samsung and Hyundai. Additionally, internal challenges such as faltering consumer confidence and political instability are further straining the economy.
