South Korea has requested an exemption from the U.S.'s new tariff plans, the Industry Ministry said Saturday.
Last month, U.S. President Donald Trump announced 25% tariffs on steel and aluminum imports, set to take effect on March 12. During a meeting with U.S. Commerce Secretary Howard Lutnick, South Korean Industry Minister Ahn Duk-geun expressed concerns over the tariffs and urged for an exemption, Yonhap News Agency reported.
“South Korea will work to earn the best results from systematic and earnest negotiations with the US on new industry, trade and energy policies based on our experience of successfully responding to the US CHIPS Act and Inflation Reduction Act in the past," Ahn said in a press release, according to the news outlet.
They also discussed strengthening ties in shipbuilding and advanced industries. The U.S. remains a key trade partner for South Korea, which had a $66 billion trade surplus with Washington last year.
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Saudi Foreign Minister Prince Faisal bin Farhan has arrived in Washington for talks with U.S. Secretary of State Marco Rubio on bilateral ties and key regional and international developments, Saudi state news agency SPA reported.
Serbia's President Aleksandar Vučić resigned on Sunday, ending his second and final five-year term and paving the way for an early presidential election as the country prepares for a snap parliamentary vote on 25 October.
The European Union's decision to simultaneously advance accession talks with Ukraine, Moldova, Montenegro and Albania marks its most ambitious enlargement effort in more than two decades.
British Prime Minister Andy Burnham has declared that Brexit has done more harm than good, while reaffirming support for Ukraine and NATO as he used his first Labour conference speech as leader to set out a new direction for Britain.
The arrival in South Korea of two North Korean soldiers captured while fighting for Russia has created a rare legal, diplomatic and humanitarian case, raising questions over their status, security and future.
At midnight on 30 September, the last U.S. troops are due to leave Iraq, ending a military presence that began with the 2003 invasion and cost the lives of around 4,500 American service members.
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Crude oil exports from major Middle Eastern producers rebounded in September to their highest level since the U.S.-Israeli war on Iran began in late February, according to data from analytics firm Kpler.
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