Trade tension is ‘bad for everyone’, the Governor of Korea says

The tension of US President Donald Trump’s tariffs is not just a “bad for all” for South Korea, but the governor of Korea Rhee Chang Yong said.

“I really hope that this trade tension will be destroyed, because it is bad for everyone,” he said. Bank of Korea Governor Rhee Chang Yong, Wednesday

Speaking in the CNBC IMF-World Bank Spring meetings, Rhee said that trade voltage has caused headlines for the South Korean economy and has increased adverse risks for economic growth.

“We will be directly affected by the US tariffs (and) to those countries, such as countries, such as countries, including Vietnamese, car and electronics in Mexico, and only by tariffs in the United States.”

Ride’s comments came the day before South Korea The rough internal product has been contracted for the first time Since the fourth quarter of 2020, the leading figures that announced the country’s first quarter in the first quarter of the country’s GDP by 0.1%.

The free release of GDP, as well as the South Team, for trade talks, the United States, President Han Duck-Soo is coming as the operation lean The United States expects to be able to lead to a conclusion that will benefit both sides.

Ministry of Commerce, Industry and Energy of South Korea He said it was agenda on Thursday He has not yet been completed for a meeting with the United States.

The governor of the Central Bank said that the country’s growth in the first quarter will be affected by the country for political instability, but he expressed hope that the uncertainty would be “behind” after South Korea’s presidential election.

Former President Yoon Suk Yeol and Prime Minister Han Duck-Soo’nun impeachment tests, in the first quarter, hit Han’s impeachment in March, was reconstructed before President Removing Yoon out of the office On April 4th.

At the beginning of this month, the Korean bank, 2.75% in the April session, “It is necessary to be careful not to be cautious from the variability of the rate of increase,” the Assessment Bank said.

Trump’s “Freedom Day” announcements, on April 3, South Korea won the lashes these days.

Why did the Central Bank do not prefer to eliminate why Rhee decided to volatile foreign exchange, and said he thought to investigate and investigate the information before deciding to take the speed of the bank.

“If I do an analogy, now we feel a dark tunnel now, and then, in that case, it is better to slow down to the eye.”