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As U.S.-China trade war escalates, South Korea warns on impact

Reuters  |  SEOUL/BEIJING 

By Hyunjoo Jin and Hallie GuSEOUL/BEIJING (Reuters) - The U.S.-China trade war could harm South Korean exports of high-tech components, Seoul warned on Thursday, while Beijing cut its forecast for soybean imports and the Chinese currency fell as worries about fallout from the simmering conflict grew.On Wednesday, Beijing 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, a swift escalation after an earlier round of tariffs took effect only on Friday.While Chinese shares regained ...

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First Published: Thu, July 12 2018. 13:41 IST