Dispute hurts S.Korea

Source:Agencies Published: 2018/7/12 20:33:41

South Korea said on Thursday that an escalating trade dispute between the US and China could weaken South Korea's exports of "intermediate goods" used in home appliances, computers and communications devices.

South Korea's trade ministry said in a statement that the trade spat could be "prolonged and spread," adding that it would prepare responses and scenarios to cope with the trade row.

On Wednesday, China accused the US of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion worth of Chinese goods.

Posted in: ECONOMY

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