South Korea is preparing trade concessions to ease tensions with Washington, as U.S. President Donald Trump’s sweeping tariffs send shockwaves through global supply chains.
Trade Minister Cheong In-kyo departed for Washington on Tuesday, where he will meet U.S. Trade Representative Jamieson Greer to push back against the new 25% tariff imposed on South Korean exports.
“It is difficult to reduce exports, so shouldn’t we increase imports?” Cheong told reporters before his flight. He confirmed that Seoul is reviewing several options — including expanding U.S. LNG purchases — to rebalance trade flows.
The move follows Trump’s remarks that the door remains open for negotiations — except with China, which now faces a 54% duty.
South Korea has been seeking to shield its export-driven economy, warning that tariffs on both Korean goods and Vietnam-made products from firms like Samsung and LG could cause serious damage.
Finance Minister Choi Sang-mok said the 25% rate is a “huge blow” to South Korean exporters with production in Vietnam, where a separate 46% tariff now applies.
Cheong also questioned the U.S. calculations used to justify the tariff, calling them “problematic” given the existing South Korea-U.S. free trade agreement.
China has fired back at the United States, condemning President Donald Trump’s latest tariff ultimatum as “blackmail nature,” according to a statement from the Ministry of Commerce on Tuesday.
A Moscow court has fined Telegram Messenger Inc. 7 million roubles (about $80,000) for failing to delete content deemed extremist, Russian state news agency TASS reported on Tuesday.
The U.S. Supreme Court on Monday granted President Donald Trump’s administration the greenlight to resume deportations of alleged Venezuelan gang members under a wartime-era law — a dramatic escalation in his immigration crackdown.
President Donald Trump has announced that the United States and Iran have started direct talks on Tehran’s nuclear programme. The announcement came during a meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office.
U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu held a joint press conference in Washington on Monday, covering topics from Gaza and hostages to tariffs and China.
China has condemned US President Donald Trump's latest tariff threat, vowing to retaliate if Washington follows through with a proposed 50% hike on Chinese imports, as tensions between the world’s two largest economies continue to escalate.
Tech billionaire Elon Musk, CEO of Tesla, made direct appeals to U.S. President Donald Trump over the weekend to reverse newly imposed tariffs, according to a report from the Washington Post.
Ukraine has initiated an urgent meeting of the UN Security Council and a special meeting of the OSCE Permanent Council following Russia's deadly attack on Kryvyi Rih, Foreign Minister Andrii Sybiha wrote on X. Meetings are scheduled for today.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 8th, covering the latest developments you need to know.
U.S. Defense Secretary Pete Hegseth landed in Panama late on Monday for his first official visit to the country as questions persist about President Donald Trump's repeated vows to take back the Panama Canal.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
The first-ever summit between the European Union (EU) and the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - began today in Samarkand, Uzbekistan.
President Trump’s new tariffs hit 185 countries, with Kazakhstan facing the highest rate at 27%. Kazakhstan now seeks talks with U.S. officials to ease the impact.
The U.S. has pressured Lebanon to act against Hezbollah, urging the Lebanese Armed Forces (LAF) to enforce a ceasefire. The LAF, caught between U.S. demands and Hezbollah’s influence, risks losing vital U.S. support if it fails to act.
China has condemned US President Donald Trump's latest tariff threat, vowing to retaliate if Washington follows through with a proposed 50% hike on Chinese imports, as tensions between the world’s two largest economies continue to escalate.
Tech billionaire Elon Musk, CEO of Tesla, made direct appeals to U.S. President Donald Trump over the weekend to reverse newly imposed tariffs, according to a report from the Washington Post.
Ukraine has initiated an urgent meeting of the UN Security Council and a special meeting of the OSCE Permanent Council following Russia's deadly attack on Kryvyi Rih, Foreign Minister Andrii Sybiha wrote on X. Meetings are scheduled for today.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 8th, covering the latest developments you need to know.
U.S. Defense Secretary Pete Hegseth landed in Panama late on Monday for his first official visit to the country as questions persist about President Donald Trump's repeated vows to take back the Panama Canal.
China has condemned US President Donald Trump's latest tariff threat, vowing to retaliate if Washington follows through with a proposed 50% hike on Chinese imports, as tensions between the world’s two largest economies continue to escalate.
Tech billionaire Elon Musk, CEO of Tesla, made direct appeals to U.S. President Donald Trump over the weekend to reverse newly imposed tariffs, according to a report from the Washington Post.
Ukraine has initiated an urgent meeting of the UN Security Council and a special meeting of the OSCE Permanent Council following Russia's deadly attack on Kryvyi Rih, Foreign Minister Andrii Sybiha wrote on X. Meetings are scheduled for today.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 8th, covering the latest developments you need to know.
U.S. Defense Secretary Pete Hegseth landed in Panama late on Monday for his first official visit to the country as questions persist about President Donald Trump's repeated vows to take back the Panama Canal.
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