How is a U.S.-China trade war expected to affect global trade?
What about the impact on the South Korean economy?

The initial round of tariffs will likely do little damage to the U.S., China or the global economy.
But if they escalate, the pain will deepen and spread as they disrupt supply chains, hurt business confidence and raise uncertainty.
Experts warn all this uncertainty is bad news for South Korea. Take a listen.

"South Korea trades 37 percent of its exports with China and the U.S.. In particular, it sells a lot of intermediary goods to China that are made into final goods and exported to the U.S. Growing trade tensions, tit-for-tat measures between Washington and Beijing could slowdown South Korea's real economy."

Already, we've seen stock markets on a rollercoaster ride,...Beijing has started banning U.S. company Micron's chip sales in China..this could broaden into other sectors.
China could stop issuing licenses for U.S. companies operations or sales in the country, hurting global supply chains.
Fitch Ratings estimates a full-blown trade war between the G2 could cost the world economy two trillion U.S. dollars.
So just as the IMF has warned, this extended trade spat could undermine the strongest global expansion since 2011.

Definitely a bottom risk for the global economy. Thanks for the report, Hyesung.

My pleasure, Ji-yoon.