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.
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Driverless lorries are already rolling on highways between Beijing and Tianjin port, showing how China’s transport industry could change soon.
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As countries ramp up offshore wind farms to meet climate goals, scientists are warning about a growing issue: wind farms accidentally draining energy from one another — a phenomenon now nicknamed “wind theft.”
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Driverless lorries are already rolling on highways between Beijing and Tianjin port, showing how China’s transport industry could change soon.
Colombia has cut deforestation by a third in early 2025, with the biggest progress seen in Amazon national parks.
As countries ramp up offshore wind farms to meet climate goals, scientists are warning about a growing issue: wind farms accidentally draining energy from one another — a phenomenon now nicknamed “wind theft.”
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Driverless lorries are already rolling on highways between Beijing and Tianjin port, showing how China’s transport industry could change soon.
Kenya has directed its tea factories to suspend ties with the Rainforest Alliance, saying the cost of ethical certification is too high for struggling smallholder farmers.
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), citing political bias and obstruction by the Democratic Republic of Congo (DRC).
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Driverless lorries are already rolling on highways between Beijing and Tianjin port, showing how China’s transport industry could change soon.
Colombia has cut deforestation by a third in early 2025, with the biggest progress seen in Amazon national parks.
As countries ramp up offshore wind farms to meet climate goals, scientists are warning about a growing issue: wind farms accidentally draining energy from one another — a phenomenon now nicknamed “wind theft.”
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