South Korea is moving fast to get out from under Washington’s sweeping new tariff regime. On Thursday, acting President Han Duck-soo said his government would press forward with talks to ease U.S. trade duties, calling the burden unsustainable.
The remarks, reported by Yonhap, come just a day before a 25% tariff on South Korean goods is due to take effect under President Donald Trump’s global tariff programme.
Seoul is walking a fine line, trying to protect its export-driven economy while staying in Washington’s good graces. South Korea has not retaliated with countertariffs, instead opting for diplomacy and trade incentives.
Trade Minister Cheong In-kyo has already travelled to Washington, where he’s expected to meet U.S. Trade Representative Jamieson Greer. Ahead of his departure, Cheong hinted that Seoul is considering new import packages from the U.S., including liquefied natural gas, to help rebalance trade.
The Trump administration has said it is prioritising allies such as South Korea and Japan in its country-specific negotiations. Still, the clock is ticking, talks are happening under the shadow of rising costs and pressure on key sectors like semiconductors, cars and shipbuilding.
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The United States launched fresh strikes on Iranian drone targets near Bandar Abbas after intercepting attack drones over the Strait of Hormuz, raising tensions despite an existing ceasefire between Washington and Tehran.
Dozens of people were killed in Israeli strikes on Lebanon on Tuesday, Lebanese officials said, straining a fragile ceasefire agreed between the countries in April. The attacks came as Iran accused the U.S. of violating a separate ceasefire with strikes near the Strait of Hormuz.
Norway is set to come under France’s nuclear umbrella, marking a significant shift in European security arrangements as concerns grow over the United States’ long-term commitment to the region.
Britain has announced fresh sanctions targeting cryptocurrency exchanges, financial networks and banks accused of helping Russia evade Western restrictions imposed after the invasion of Ukraine.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know.
Dozens of people were killed in Israeli strikes on Lebanon on Tuesday, Lebanese officials said, straining a fragile ceasefire agreed between the countries in April. The attacks came as Iran accused the U.S. of violating a separate ceasefire with strikes near the Strait of Hormuz.
Chinese investigators have uncovered hidden tunnels, missing worker trackers and fake underground walls during an initial investigation into the country’s deadliest mining disaster in more than 15 years.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
The visit by U.S. Secretary of State Marco Rubio to Armenia marks one of the clearest signs yet of Washington’s growing interest in the South Caucasus.
Bolivia’s President Rodrigo Paz has taken steps towards potentially declaring a state of emergency as anti-government protests intensify in the early months of his administration.
Norway is set to come under France’s nuclear umbrella, marking a significant shift in European security arrangements as concerns grow over the United States’ long-term commitment to the region.
Britain has announced fresh sanctions targeting cryptocurrency exchanges, financial networks and banks accused of helping Russia evade Western restrictions imposed after the invasion of Ukraine.
China’s carbon emissions grew far less than previously thought over the past five years, according to a new analysis that is drawing close attention from climate researchers worldwide.
Muslims around the world have marked Eid al-Adha with prayers, celebrations and acts of charity, though for many Palestinians the holiday unfolded amid conflict, restrictions and loss.
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