Japan's trade curbs on Seoul could cost German firms billions of dollars: Report
- 5 years ago
日수출규제에 獨산업계 "獨기업 비용부담 증가로 이어질 것"
With Japan's trade restrictions on South Korea likely to impact the global supply chain,... Germany is worried the current Seoul-Tokyo tensions will negatively affect German companies.
According to the Association of German Chambers of Industry and Commerce on Thursday,... Japan's trade restrictions could affect German companies that rely on semiconductor goods from South Korea,... and they risk losing billions of dollars if the trade spat rumbles on for an extended period.
The association added the German economy has already been impacted by the trade war between the U.S. and China.
With Japan's trade restrictions on South Korea likely to impact the global supply chain,... Germany is worried the current Seoul-Tokyo tensions will negatively affect German companies.
According to the Association of German Chambers of Industry and Commerce on Thursday,... Japan's trade restrictions could affect German companies that rely on semiconductor goods from South Korea,... and they risk losing billions of dollars if the trade spat rumbles on for an extended period.
The association added the German economy has already been impacted by the trade war between the U.S. and China.