Seoul, June 13 -- The Trump administration's expansion of steel tariffs to include household appliances with steel components has raised significant concerns for South Korean electronics giants Samsung Electronics and LG Electronics, according to reports by Korea Herald.

The Department of Commerce announced on Thursday that a 50 per cent steel duty will apply to "steel-derivative products" starting June 23. This includes a wide range of appliances such as refrigerator-freezers, dryers, washing machines, dishwashers, freezers, cooking stoves, ranges, ovens, food waste disposals, and welded wire racks.

The tariffs will be calculated based on the value of the steel content in each imported item, meaning higher steel content will result in ...