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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Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
The United States has approved the possible sale of five Seahawk maritime helicopters to New Zealand in a deal valued at $1.5 billion, as Wellington moves to strengthen its armed forces.
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they launches retaliatory strikes on four tankers in the Strait of Hormuz and targeted U.S. bases in the Gulf.
Armenians will vote on Sunday in a parliamentary election that will determine whether Prime Minister Nikol Pashinyan secures a new mandate to pursue peace with Azerbaijan or cedes ground to pro-Russian rivals.
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
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People across Gaza are facing a worsening humanitarian crisis, with millions struggling to access food, clean water, shelter and medical care as the conflict continues.
The United States has approved the possible sale of five Seahawk maritime helicopters to New Zealand in a deal valued at $1.5 billion, as Wellington moves to strengthen its armed forces.
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More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
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