Buy Bundy rather than some of the American products … You can make a difference,
The president wants steel and aluminum in America. And let me be clear — nothing's going to stop that until we've got a big, strong domestic steel and aluminum capability. And by the way, he's going to add copper to that mix, too,
We will not stand idly by while our iconic steel and aluminium industries are being unfairly targeted."
Whatever they charge us, we're charging them,
That spells harm for a large number of downstream industries that use steel and aluminum. Those downstream industries employ about 10 times as many workers as the steel and aluminum industries,
For example, if it came to a situation where we had to go further, digital services or intellectual property could be included,
It creates an enormous amount of uncertainty for multinational companies that sell products worldwide, that import from the rest of the world, that run these complex supply chains through multiple countries,
We are ready to engage in meaningful dialogue,
Trump's metals tariffs will cost American industry dearly,
Even if an EU-U.S. agreement is reached, the tariffs will still lead to trade deflection, with exporters from countries like Korea and Taiwan shifting their sales to Europe,
Indirect effects are more serious if exports destined for the USA are diverted to Europe to a considerable extent due to the tariffs. This would severely damage the European market in the long term,
This is because the tariffs on steel announced by the U.S. will lead to further volume diversions to Europe, which will further increase the already existing import pressure due to overcapacities from China and many other countries,
We are also holding discussions with our customers about the extent to which tariff surcharges need to be passed on,
Tariffs are going to cause fighting between countries … I'm not necessarily talking about military. But think about U.S., Canada, Mexico, China ... There will be fighting, and that will have consequences,
If you can't put the what and the how in a consistent, clear and meaningful way, then you could end up with high levels of volatility and conflict,
Be nationalistic, be protectionistic, be militaristic. That is the way these things operate,
The issue is really the confrontation of all of this,
It's going to be very costly for people to take advantage of this country. They can't come in and steal our money and steal our jobs, and take our factories and take our businesses, and expect not to be punished,
President Trump is waging a global battle to reshape the trading system, aiming to reduce trade deficits and revitalize domestic manufacturing,
The Korean government, together with the private sector, is fully prepared for this,