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.
A blast at a fireworks factory in China's Hunan province has killed dozens of people and inj...
Tensions are escalating in the Gulf after new attacks linked to maritime security in the Strait of Hormuz. U.S. forces say they struck Iranian fast...
Turkish Energy Minister Alparslan Bayraktar has warned that global energy supply disruptions caused by the ongoing Middle East conflict are likely ...
One of the region’s largest defence and aerospace exhibitions has opened in Istanbul, bringing together companies, officials and industry exp...
Energy transition, private sector development and regional cooperation are in focus at the Asian Development Bank’s 59th Annual Meeting in Sa...
A blast at a fireworks factory in China's Hunan province has killed dozens of people and injured more than 60, prompting President Xi Jinping to call for a thorough investigation, state media reported on Tuesday.
Turkish Energy Minister Alparslan Bayraktar has warned that global energy supply disruptions caused by the ongoing Middle East conflict are likely to persist.
One of the region’s largest defence and aerospace exhibitions has opened in Istanbul, bringing together companies, officials and industry experts from around the world.
The eighth European Political Community summit brought dozens of world leaders to Yerevan, signalling Europe’s deepening interest in the South Caucasus.
A 77-year-old man and a 63-year-old woman were killed on Monday (4 May), after a man drove a car into a crowd on a pedestrianised street in the the eastern German city of Leipzig, authorities said.
Iran warned Armerican forces on Monday (4 May) not to enter the Strait of Hormuz, after the U.S. said it had launched a mission to try and reopen the sea passage. Meanwhile, Iran's Foreign Minister said there was no military solution to the Middle East conflict.
Tensions are escalating in the Gulf after new attacks linked to maritime security in the Strait of Hormuz. U.S. forces say they struck Iranian fast boats at sea following hostile manoeuvres, after Iran was blamed for an earlier attack on a UAE oil facility.
Medics are working to evacuate two people with symptoms of the deadly respiratory illness, hantavirus, from a luxury cruise ship being held off West Africa, after three people died and several others fell ill, officials have said.
Uzbekistan has unveiled a series of major economic and regional initiatives as more than 4,000 delegates from over 100 countries gather in Samarkand for the 59th Annual Meeting of the Asian Development Bank (ADB), held under the theme “Crossroads of Progress.”
A Russian overnight missile and drone attack on Ukraine’s gas production facilities has killed five people, including two rescue workers, Ukrainian officials said, as Kyiv and Moscow exchanged competing ceasefire proposals.
Sudan’s armed forces have accused the United Arab Emirates and Ethiopia of carrying out a drone attack targeting Khartoum airport, as a renewed wave of strikes shattered months of relative calm in the capital nearly three years into the civil war.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 5th of May, covering the latest developments you need to know.
The International Atomic Energy Agency (IAEA) said on Monday (4 May) that meteorological monitoring equipment at the Zaporizhzhia nuclear power plant in south-eastern Ukraine had been damaged by a drone.
A blast at a fireworks factory in China's Hunan province has killed dozens of people and injured more than 60, prompting President Xi Jinping to call for a thorough investigation, state media reported on Tuesday.
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