A recent decision by the U.S. to impose 25% tariffs on all steel and aluminum imports has drawn sharp reactions from residents in the Republic of Korea (ROK), with many calling on their government to defend economic interests amid growing global trade tensions. The tariffs, which came into force on March 12, ended a duty-free quota agreement for ROK steel exports, heightening concerns about the ripple effects on industries and job markets.
Interviews conducted by CGTN in Seoul revealed widespread apprehension. "The U.S. tariffs are just the beginning," said one resident, who suggested the measures reflect efforts to "boost the U.S.' wealth" at the expense of international partners. Another interviewee emphasized the need for a strong response: "The South Korean government should take a tough stance to protect our rights."
Analysts warn that escalating trade barriers could strain bilateral ties and disrupt supply chains, particularly for ROK manufacturers reliant on steel exports. While the ROK government has yet to announce countermeasures, stakeholders in sectors like automotive and construction are urging swift diplomatic negotiations to mitigate economic fallout.
For global readers, the developments highlight Asia's pivotal role in navigating shifting trade dynamics, while business professionals monitor potential market volatility. Academics stress the need for balanced policies to sustain regional stability—a concern shared by the Asian diaspora seeking reassurance about their home economies.
