Korea’s automobile exports rose by more than 8 percent from a year earlier in July thanks to a sharp increase in shipments to Europe that more than offset a decline in shipments to the United States caused by Washington’s tariff scheme, government data showed Tuesday. The value of auto exports grew 8.8 percent on-year to $5.83 billion last month, marking the second consecutive month of growth, according to the data from the Ministry of Trade, Industry and Energy. While export value had increased in June despite a drop in export volume, July saw both figures rise. In July, the number of vehicles shipped overseas increased 5.8 percent on-year to 212,000 units. Exports to the U.S. fell for the fifth consecutive month, dropping 4.6 percent on-year to $2.33 billion in July. However, the pace of decline sharply eased from a 16 percent fall in June. The steady decline in shipments to the U.S. follows President Donald Trump’s administration’s imposition of a 25 percent tariff on all imported automobiles and auto parts since April. The ministry noted that trade uncertainties have somewhat eased as
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