Iran agrees to fourth round of nuclear talks with the U.S.
Iran has agreed to hold a fourth round of indirect nuclear talks with the United States on Sunday in Oman.
Global trade tensions took center stage at the Seoul Mobility Show as automakers confronted the impact of new U.S. tariffs, raising concerns over rising costs, shifting strategies, and the future of international automotive trade.
On the second day of the 30th annual Seoul Mobility Show, held Saturday, April 5, industry leaders and attendees came together to explore the latest advancements in automotive and construction technology—against the backdrop of growing global trade uncertainty.
The event opened as new 25% tariffs on imported vehicles, announced by U.S. President Donald Trump, took effect. Countries including South Korea have been directly impacted by the reciprocal tariffs, a move expected to raise vehicle prices for consumers and strain international trade relationships.
According to Kevin Hassett, Director of the U.S. National Economic Council, over 50 countries have approached the White House to initiate trade negotiations, though U.S. officials continue to downplay concerns of a recession tied to the new policies.
At the auto show, HD Hyundai Senior Manager Hwang Younghun acknowledged the challenges ahead but emphasized the company’s commitment to maintaining its export strategy.
“The implementation of tariff policies will certainly have an impact, but since other global companies are in the same situation, there will be no changes to our export strategies or policies,” Hwang stated, adding that 90% of HD Hyundai's products are currently being exported, including Develon Hyundai excavators sold in markets such as Turkey.
For visitors like 29-year-old investor Yu Daesung, the economic implications of tariffs are already being felt.
“I invest in stocks, so I'm experiencing significant losses due to the tariffs,” he said. “As for vehicles, I think sales will depend on each brand’s strengths, regardless of the tariffs.”
Meanwhile, British automaker Jaguar Land Rover has announced a temporary pause in U.S. shipments for April as it reevaluates its approach to the newly imposed tariffs. The company, which sells approximately 400,000 vehicles annually—nearly a quarter of them in the U.S.—described the decision as a short-term strategy to adjust to shifting trade dynamics.
This move comes at a challenging time for the U.K. auto industry, which has seen a 13.9% drop in vehicle production in 2023 amid falling demand and a critical push toward electric vehicle production. The U.S. remains the second-largest market for British-made cars, making the impact of the tariffs especially significant.
Other manufacturers, including BMW, Volkswagen, Toyota, Honda, Hyundai, and Kia, are expected to face similar pressures. German automakers like BMW and Mercedes-Benz will contend with increased costs due to cross-border component sourcing, while Japanese and South Korean carmakers reliant on U.S. exports will be particularly affected.
In contrast, U.S.-based automakers such as Tesla, whose manufacturing is largely domestic, may be better positioned to weather the current trade climate.
As global trade tensions reshape the automotive landscape, manufacturers and consumers alike are bracing for potential shifts in pricing, production, and international strategy.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Iran has agreed to hold a fourth round of indirect nuclear talks with the United States on Sunday in Oman.
Ukraine's security service says it has detained two alleged Hungarian spies accused of gathering military intelligence in the Zakarpattia region, near the shared border.
Ukrainian President Volodymyr Zelenskyy announced that leaders of the "coalition of the willing" will meet in Kyiv on Saturday, as Europe weighs its long-term security role in Ukraine's future.
Ukraine has imposed sanctions on one Chinese firm and three Iranian companies, as outlined in a presidential decree issued Friday.
Swiss President Karin Keller-Sutter said Switzerland and the U.S. have agreed to accelarate trade talks.
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