Korea Joongang Daily
Korea JoongAng Daily

Trump hints at hiking auto tariff higher as White House doubles down on key campaign pledges

U.S. President Donald Trump on Thursday hinted at a further hike in tariffs on foreign automobiles and expanded the 50 percent tariffs on steel and aluminum imports to include products containing steel, such as washing machines and refrigerators.

2025-06-13

Hyundai Steel suspends operations at Pohang No. 2 plant as industry slump continues

Hyundai Steel, Korea's second-largest steel manufacturer, has temporarily shut down its No. 2 plant in Pohang, North Gyeongsang, due to a prolonged industrywide slump, the company said Wednesday.

2025-06-12

Trump signs proclamation to double tariffs on steel, aluminum to 50%

U.S. President Donald Trump signed a proclamation Tuesday to double tariffs on imports of steel and aluminum to 50 percent, saying the tariffs will counter foreign countries accused of off-loading "low-priced, excess" metals into the U.S. market.

2025-06-04

Hyundai Steel mulls sale of caterpillar track division at Pohang plant

Hyundai Steel, Korea's second-largest steelmaker, said Monday it is considering selling a division that produces caterpillar tracks at one of its domestic plants, amid a prolonged slump in the construction industry.

2025-06-03

Gov't convenes emergency meeting on response to planned hike in U.S. steel tariffs

The government held an emergency meeting with major local steelmakers Monday to discuss the impact of the United States' plan to double its tariffs on all steel imports to 50 percent later this week, the Ministry of Trade, Industry and Energy said.

2025-06-02

EU threatens countermeasures over Trump's steel tariffs hike

The European Commission said on Saturday that Europe was prepared to retaliate against U.S. President Donald Trump's plan to double tariffs on imported steel and aluminum.

2025-06-01

Trump says he plans to double steel, aluminum tariffs to 50 percent

Trump announced plans to increase steel and aluminum tariffs to 50 percent, escalating trade tensions and drawing criticism from global trading partners.

2025-06-01

Hyundai Steel secures CDP climate honor

Hyundai Steel has been recognized for its outstanding efforts in responding to climate change by the global environmental, social and governance (ESG) assessment organization, Carbon Disclosure Project (CDP).

2025-05-28

Hyundai Steel holds 'Customers Day' at World Rally Championship in Portugal

Hyundai Steel recently held a “Customers Day” meeting while watching the World Rally Championship Portugal Rally with major European clients, touting its automotive steel innovations.

2025-05-27

Korean steelmakers face tough path on EU's new carbon regulations

Korean steelmakers, already grappling with export hurdles due to U.S.-imposed tariffs, are scrambling to prepare for the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM), which is set to take full effect in January.

2025-05-12