South Korea says it must hold further talks with Washington before a promised reduction in U.S. import tariffs on Korean cars can take effect, leaving a 15 % duty—due to replace the current 25 % rate on Thursday—in doubt.
South Korea’s Industry Minister Kim Jung-kwan told parliament on Wednesday that Seoul and Washington “need additional consultations” to set a start date for the lower tariff on car exports to the United States.
The uncertainty follows President Donald Trump’s announcement last week that most South-Korean goods, including vehicles, would face a reduced 15 % levy as part of a wider trade accord with a key Asian ally. The new rate is scheduled to begin on Thursday, but Kim said no timetable had been finalised.
Japan’s chief tariff negotiator, Ryosei Akazawa, said he would travel to Washington this week to urge the White House to sign an executive order that would similarly lower U.S. duties on Japanese cars.
Kim added that the two countries would keep talking about proposed online-platform legislation to ensure U.S. technology companies are treated on a par with domestic operators, an issue that “remains a major concern” for U.S. officials and businesses.
No deal was reached on opening South Korea’s farm market to more U.S. beef, rice or fruit, but the minister agreed to streamline quarantine inspections—regarded in Washington as a non-tariff barrier. Finance Minister Koo Yun-cheol said the United States had pressed for “a rational and scientific” clearance process for produce exports.
The tariff dispute comes as South Korea, the world’s seventh-largest exporter, seeks to balance its security alliance with the United States against economic ties with China, its biggest trading partner.
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U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
U.S. efforts to squeeze Iran’s economy through an oil blockade and sanctions are becoming increasingly difficult for Tehran to withstand, according to three senior Iranian sources. Washington is escalating pressure in hopes of securing concessions in future negotiations.
An Iranian tanker was hit by U.S. forces on Saturday near Iran's key oil export hub, Kharg Island, in the Gulf, the semi-official Iranian news agency Tasnim reported.
Two people have been rescued alive from a tunnel in Nepal, nine days after catastrophic floods devastated the country, as rescuers continue searching for survivors.
Two Greek military pilots were killed on Saturday when an F-4 Phantom fighter jet crashed during an air show at Tanagra air base, north of Athens, officials said.
Russian President Vladimir Putin held more than three hours of talks with U.S. envoys Steve Witkoff and Jared Kushner in Moscow on efforts to end the Ukraine war.
U.S. ambassador to Israel Mike Huckabee told reporters on Saturday that there is no plan underway to force Palestinians out of Gaza, following Israel's government proposal on relocation plans for people in Gaza.
A Chinese national was pulled alive from a tunnel in Nepal on Saturday, authorities said, 10 days after a wall of ice, rock and mud tore through a Himalayan valley, killing more than 1,300 people and leaving more than 5,600 missing.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
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