South Korea’s Economy Hit Hard by Tariffs

Date: 2025-04-30 22:30:04

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Tariffs are starting to bite hard globally — and South Korea is feeling it. Their GDP just printed -0.1%, the first negative growth since COVID, after a strong 1.2% growth in Q4 2024. What happened?

👉 Major pullbacks in construction
👉 25% steel tariffs still in place
👉 Political shifts despite a strong pro-US population
👉 Chinese tech suppliers filling the gap

Trump initially called for reciprocal tariffs but pulled back after pressure from financial leaders — yet many tariffs remain. As tensions rise, China and other nations are quickly adjusting.

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