South Korea will thoroughly review non-tariff barriers and other vulnerabilities to respond to a U.S. plan to introduce reciprocal tariffs, the country's acting president said on Friday.

South Korea’s top economic think tank slashed its growth forecast for the country’s economy for the second time in four months on Tuesday, expressing concern about the impact of U.S. President Donald Trump’s expanding tariffs.

South Korea's top economic think tank slashed its growth forecast for the country's economy for the second time in four months on Tuesday, expressing concern about the effects of U.S. President Donald Trump's expanding tariffs.

South Korea's free trade agreement with the United States could help mitigate its exposure to reciprocal tariffs threatened by U.S. President Donald Trump, economists at two major investment banks have said.

United States President Donald Trump signed two executive orders on Monday to impose a 25% tariff on aluminum and steel imports. "This is a big deal, the beginning of making America rich again," the president said from the Oval Office after signing the order,