New Delhi, June 2 -- South Korean exports to US were down 8.1 per cent for the month of May, as compared to same month last year, weighed down by the US President Donald Trump's tariff, as it took a toll on automobile sector, the Korea Herald reported on Sunday citing government of Korea's data.
Korea's outbound shipments were at USD 57.2 billion for the month of May, registering its first y-o-y decline for 2025. At the same time, imports also declined 5.3 per cent to USD 50.3 billion, leading to a trade surplus of USD 6.94 billion.
The automobile sector was one of the key sectors that suffered from the impact of the US trade tariff policy. The sector registered a decile of 4.4 per cent to USD 6.2 billion, and "Hyundai Motor Group's ope...
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