South Korea says its key chipmakers are exempt from 100% tariffs

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Trade Minister of the Republic of South Korea Yeo Han-koo said on Thursday that chipmakers Samsung Electronics and SK Hynix won’t be subject to 100% U.S. tariffs on semiconductor chips. He also believes South Korea will face the most favourable U.S. tariff rates on chips. U.S. President Donald Trump warned on Wednesday that countries that do not produce semiconductors in the U.S., or are planning to do so, will face 100% tariffs on semiconductor exports to the U.S. He also exempted countries tha...