Tariff tactics: Samsung ready with strategy as US imposes 25% duty on South Korea

South Korea, one of the closest security allies of the US, is facing a new tariff rate of 25 per cent. Even as President Donald Trump has extended the time frame for doing deals to August 1 and governments continue to negotiate, Samsung, the largest company in Korea, said it is prepared for “different scenarios”.

“Samsung has production facilities in many countries and obviously trade can be affected because things can change in any one country or more. We have long had a system to respond if something happens in any one country.