South Korean government offers $2 billion in emergency fund to carmakers amid US tariff dispute
Hyundai and Kia are expected to be hit hardest by US President Donald Trump’s 25% tariffs on all car imports into the US
The South Korean government said that it has decided to provide an emergency fund worth 3 trillion won (about $2.04 billion) for local automotive exporters to mitigate the impact of US tariffs, according to a news report published by The Korea Times on April 9.
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