Seoul: The trade ministry on Thursday organized a roundtable with officials from South Korean companies operational in Canada to address the growing uncertainties surrounding U.S. tariff policies. According to Yonhap News Agency, the meeting was convened in response to potential changes in the trade environment with the United States, as President-elect Donald Trump has made commitments to implement protectionist trade policies that target imports. These proposed policies have generated concerns among Korean companies investing in North America, particularly in Mexico and Canada, which benefit from the U.S.-Mexico-Canada Free Trade Agreement (USMCA) to access the North American market. Trump's proposed tariff plan includes a 25 percent tariff on all products imported from Mexico and Canada, alongside an additional 10 percent tariff on goods from China. These measures have provoked apprehension among South Korean businesses that have been increasing their investments in Canada, especially in the battery and related materials sectors. Among the notable investments, LG Energy Solution Ltd. is currently producing battery modules in Ontario in collaboration with multinational automaker Stellantis N.V. Additionally, POSCO Future M Co. is developing a battery precursor production line with U.S. General Motors Co. in Quebec. These ventures highlight the strategic focus on the burgeoning battery industry in Canada, driven by the demand for electric vehicles and renewable energy solutions. Trade Minister Cheong In-kyo commented on the situation, stating, "(The announcement of new tariffs) provides us with a hint about the tariff policy of the incoming U.S. administration." He further emphasized that the government will continue to closely monitor policy trends in both the U.S. and Canada. The ministry plans to collaborate with Ottawa to minimize uncertainties and mitigate potential impacts on South Korean businesses operating in the region.