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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South Korea’s defense ministry summoned Japan’s defence envoy to object to the annual white paper published in Tokyo, which made a territorial claim over disputed islands located in the East Sea.
Panic erupted on a Seoul subway train after a man allegedly set a fire onboard, prompting the evacuation of over 400 passengers through a tunnel and sending 21 people to hospital with minor injuries.
Around 600 North Korean soldiers have been killed while fighting for Russia against Ukraine, according to South Korean lawmakers citing information from the country’s intelligence agency. The total number of North Korean troops deployed to fight alongside Russia is reported to be 15,000.
South Korea will release a preliminary report on the deadly Jeju Air crash on Monday, investigating factors like bird strikes and a concrete embankment that worsened the disaster. 179 people died in the December 29 incident.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
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A senior Chinese trade delegation led by veteran negotiator Li Chenggang is traveling to Washington this week to restart high-level trade talks with the United States, in what officials describe as a critical step toward stabilizing economic ties between the world’s two largest economies.
Nigel Farage, leader of Britain’s anti-migration Reform UK party, unveiled a sweeping plan on Tuesday to scrap human rights protections and enable mass deportations of asylum seekers, a move he said was necessary to avert “major civil disorder.”
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