  Analysis South Korean exporters face uphill battle as EU mulls raw materials lawEurope’s answer to Inflation Reduction Act could force shift in facilities and supply lines that few firms can afford  Beset by China’s dominance of the world’s rare earths market, the Russian invasion of Ukraine and the normalization of protectionist trade policies in the U.S., the European Commission is expected to present the details of the Critical Raw Materials Act (CRMA) on March 14. But this effort to boost European autonomy will likely cause headaches for South Korea as it still learning to adjust to new vehicle and chip restrictions in the U.S. market. © Korea Risk Group. All rights reserved. Get the Daily Briefing Start your day with
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November 22, 2024
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