From cotton fields to global markets: How Uzbekistan is building a textile industry
For decades, Uzbekistan’s cotton industry was primarily associated with the production and harvesting of ...
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.
Saudi Arabia, Türkiye and Pakistan will hold an urgent high-level meeting under a joint defence pact to discuss ways to support the kingdom amid attacks by Yemen's Iran-aligned Houthis. The meeting comes as Tehran seeks to distance itself from the rapid advance of its Houthi allies.
World leaders return to the United Nations headquarters in New York on Friday for the fourth day of the high-level General Debate, with speeches and diplomatic meetings continuing throughout the day.
Finland and Sweden deployed fighter aircraft on Thursday after a group of Russian military planes was detected over the Gulf of Finland, the Finnish Air Force reported on Friday (25 September).
U.S. President Donald Trump welcomed Chinese President Xi Jinping to the White House on Thursday, 24 September, for talks focused on trade, artificial intelligence, Taiwan and the war with Iran.
Fourteen Kazakh military personnel died after being swept out to sea during a naval training exercise in the western Mangistau region, authorities said on Thursday.
Leaders from around the world are gathering in New York for the latest session of the United Nations General Assembly, with conflicts in Ukraine and the Middle East, global security, trade, artificial intelligence, climate change and economic development dominating the agenda.
Steelmaker ArcelorMittal has it is shutting production at Ukraine's largest steel plant, underscoring the growing economic toll of Russia's airstrikes that on Friday killed seven people in Kyiv including a 14-year-old boy and injured 58.
A woman has died and five people are missing after a residential building collapsed following an explosion in a tourist area of central Athens, a Greek fire brigade official said on Saturday.
U.S. television networks resumed coverage of President Donald Trump’s White House events on Friday, providing the first live pool footage of Chinese President Xi Jinping’s visit as a legal battle continues over restrictions on CNN, MS NOW and Politico.
The administration of U.S. President Donald Trump is comfortable maintaining its trade standoff with Canada despite new import bans taking effect next week U.S. Trade Representative Jamieson Greer said on Friday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment