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.
Rescue operations are underway on Mount Everest's eastern Tibetan slope after a powerful blizzard trapped nearly 1,000 trekkers in high-altitude camps...
North Korean leader Kim Jong Un visited the Choe Hyon naval destroyer during a military exhibition on Sunday, according to state media outlet KCNA....
U.S President Trump reports swift progress in Gaza peace talks, with the first phase expected to conclude this week. Trump announced on Sunday that ne...
A delegation of Hamas officials, led by Khalil al-Hayya, arrived in Egypt on Sunday to engage in indirect negotiations with Israeli representatives....
U.S. forces struck yet another vessel off Venezuela’s coast on Saturday evening, President Donald Trump said Sunday, alleging it was carrying illici...
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Typhoon Matmo intensified as it approached southern China, prompting authorities to evacuate approximately 347,000 residents across Guangdong and Hainan provinces.
A devastating building collapse at the Al Khoziny Islamic boarding school in Sidoarjo, East Java, Indonesia, has resulted in at least 40 confirmed deaths, with 23 students still missing under the rubble.
A tragic hunting accident in Iowa resulted in the death of 17-year-old Carson Ryan, who was mistakenly identified as a squirrel by a member of his hunting party and fatally shot in the back of the head.
According to the Gaza Health Ministry, the death toll in Gaza has now reached 67,139 amid continuing Israeli airstrikes and military operations. In the past 24 hours alone, officials said 65 bodies were brought to hospitals and 153 people were wounded.
Rescue operations are underway on Mount Everest's eastern Tibetan slope after a powerful blizzard trapped nearly 1,000 trekkers in high-altitude camps.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment