South Korean Chips May Be Second-Tier Victim in China-U.S. Trade Battle — Panjiva


South Korean Chips May Be Second-Tier Victim in China-U.S. Trade Battle

China 1758 Info Tech - Tech Hardware 378 South Korea 383 Tariffs 1169

South Korea’s Trade Minister, Paik Un-gyu, has indicated the U.S.-China tariff spat is “adding uncertainties” to the export economy. The short-term impact may be limited given tariffs are focused on intermediate rather than completed consumer goods, but that could change in a third round of duties on up to $200 billion of products. China accounted for 26% of South Korea’s exports in the 12 months to May 31, while South Korea accounted for 10% of Chinese imports. Semiconductors will be more sensitive than others to changes. South Korea accounted for 26% of all Chinese semiconductor import...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.