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.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Azerbaijan’s Foreign Minister Jeyhun Bayramov and Uzbekistan’s Foreign Minister Bakhtiyor Saidov discussed bilateral partnership and regional security on the sidelines of the OIC Foreign Ministers’ meeting in Istanbul.
Kyrgyzstan's First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev met with Gazprombank First Vice President Oleg Melnikov during the St. Petersburg International Economic Forum to discuss strengthening financial cooperation.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Azerbaijan’s Foreign Minister Jeyhun Bayramov and Uzbekistan’s Foreign Minister Bakhtiyor Saidov discussed bilateral partnership and regional security on the sidelines of the OIC Foreign Ministers’ meeting in Istanbul.
Kyrgyzstan's First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev met with Gazprombank First Vice President Oleg Melnikov during the St. Petersburg International Economic Forum to discuss strengthening financial cooperation.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Orkhan Nazarli, Head of Azerbaijan’s State Tax Service under the Ministry of Economy, held separate meetings with senior tax officials from Latvia and Montenegro during the 29th General Assembly of the Intra-European Organization of Tax Administrations (IOTA) in Baku.
The OIC's 51st ministerial session convenes in Istanbul to tackle pressing global and regional issues.
Japan has reportedly cancelled a planned high-level security meeting with the United States after Washington pressed Tokyo to increase its defense spending, according to the Financial Times.
Israel announced on Saturday that it had killed senior Iranian commander Saeed Izadi, head of the Palestine Corps of Iran’s Quds Force, in a targeted strike in Qom. Izadi was accused of supporting Hamas before its October 2023 attack on Israel.
President Volodymyr Zelenskyy announced that Ukraine is accelerating the development and production of interceptor drones to defend against the growing number of Iranian-made Shahed drones used by Russia in recent attacks.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Azerbaijan’s Foreign Minister Jeyhun Bayramov and Uzbekistan’s Foreign Minister Bakhtiyor Saidov discussed bilateral partnership and regional security on the sidelines of the OIC Foreign Ministers’ meeting in Istanbul.
Kyrgyzstan's First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev met with Gazprombank First Vice President Oleg Melnikov during the St. Petersburg International Economic Forum to discuss strengthening financial cooperation.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
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