U.S. President Donald Trump is set to announce "reciprocal" tariffs this week to match what other countries levy on American exports, as Korea and other U.S. trading partners are striving to minimize the potential repercussions of the new duties.

President Donald Trump holds up a chart while announcing his sweeping new reciprocal tariffs, showing the United States will charge a 34% tax on imports from China, a 20% tax on imports from the European Union,

Trump announced sweeping global tariffs. President Trump unveiled yesterday his most expansive tariffs to date, hitting all of the U.S. trading partners except Canada and Mexico w

South Korean steelmakers are bracing for U.S. President Donald Trump's sweeping tariffs with possible plans to build production facilities in the United States, industry officials and market observers said Wednesday.

China, Japan, and South Korea will jointly respond to U.S. tariffs, reports Reuters, citing Chinese state media. The new U.S. tariffs are set to take effect on April 2nd. Comments from state media followed the first economic dialogue in five years between the three countries,