South Korea's exports barely grew in February, missing market expectations, with demand in key markets hurt amid a global trade war triggered by U.S. President Donald Trump's tariffs. Outbound shipments from Asia's fourth-largest economy stood at $52.

The South Korean government held talks with representatives of the administration of US President Donald Trump. Seoul is requesting the removal of tariffs on steel and aluminum for its industry, reports Reuters.

South Korea’s exports contracted in February in another worrying sign for the trade-reliant economy at a time when officials are scrambling to engage the US in hopes of averting a hit from Donald Trump’s tariff campaign.

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

The Trump administration’s plan to impose tariffs exceeding 25% on semiconductors is expected to have a significant impact on South Korea’s memory chip industry, analysts say. The proposed tariffs would apply to both memory chips and foundry services,

South Koreas industry minister, Ahn Duk-geun, has urged the U.S. to grant tariff exemptions during trade talks in Washington, as the Biden administration moves forward with new 25% tariffs on steel and aluminum.

South Korean Industry Minister Ahn Duk-geun has filed a request with the U.S. government to exclude South Korea from its new tariff plans while discussing expanding bilateral cooperation in various fields,

SEOUL (Reuters) -South Korean officials have requested an exemption from U.S. reciprocal, steel and aluminium tariffs during their visit this week to Washington, the industry ministry said in a statement on Friday.