Korea’s Contents in China’s Exports to the US and Its Implications to Korean Exports: The Effects of Trump’s Tariffs on China

초록

This study investigates the impact on Korea’s exports when the US imposes additional 25% tariffs on imports of goods from China. For this, Korea’s contents in China’s exports to the US (Korea’s indirect exports to the US via China) are calculated by the decomposition scheme of WWZ (2013) at the industry level using ADB’s MRIO. Major findings are as follows. First, Korea’s exports are expected to decline by US$10,334milliontoUS$ 13,259 million in the experiment of the Trump’s tariffs but the decline in Korea’s exports are expanded to US$16,576millionintheIOanalysis.Second,thereductioninKorea’sexportsareconcentratedonelectronicalandopticalequipment(about50$ 989,566 million for China and US$ 20,193 million for the US.

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