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.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as...
Turkish President Recep Tayyip Erdoğan has said he will “most likely” hold bilateral talks with U.S. President Donald Trump during next month’s...
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at th...
The European Union and Taliban officials held talks in Brussels on Tuesday on consular services and the situation of Afghans whose asylum applications...
Iran is preparing for a week-long farewell to former Supreme Leader Ayatollah Seyed Ali Khamenei, who was killed in February during Israeli-U.S. air r...
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
Turkish President Recep Tayyip Erdoğan has said he will “most likely” hold bilateral talks with U.S. President Donald Trump during next month’s NATO summit in Ankara, where the American leader is expected to attend.
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
China’s anti-corruption authorities have launched an investigation into Bian Zhigang, a senior defence and space official, over suspected serious violations of discipline and law, officials said on Wednesday.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal waters as they tried to escape the heatwave.
Ebola cases in the Democratic Republic of Congo have surpassed 1,000, with health officials warning that the outbreak is spreading rapidly through displacement camps and across borders.
Turkish President Recep Tayyip Erdoğan has said he will “most likely” hold bilateral talks with U.S. President Donald Trump during next month’s NATO summit in Ankara, where the American leader is expected to attend.
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
The European Union and Taliban officials held talks in Brussels on Tuesday on consular services and the situation of Afghans whose asylum applications have been rejected in Europe.
China’s anti-corruption authorities have launched an investigation into Bian Zhigang, a senior defence and space official, over suspected serious violations of discipline and law, officials said on Wednesday.
Alibaba, one of the world's largest technology and e-commerce companies, has sued the U.S. Pentagon after being added to a blacklist of firms it claims support China's military, escalating a dispute with potentially significant consequences for the company.
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