South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.

South Korea is preparing emergency support measures for industries most affected by a new 25% U.S. import tariff, set to take effect this Wednesday under President Donald Trumps latest trade policy. Finance Minister

As its trade negotiators headed to Washington for talks, South Korea announced measures to support the country’s carmakers who were badly hit by the levies announced by President Trump.