South Korea said on Thursday that an escalating trade dispute between the United States and China could weaken South Korea’s exports of “intermediate goods” used in home appliances, computers and communications devices, Reuters reports.
South Korea’s trade ministry said in a statement that the trade spat could be “prolonged and spread,” adding that it would prepare responses and scenarios to cope with the trade row.
On Wednesday, China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.