South Korea’s finance minister said Tuesday that Seoul will seek to delay U.S. tariffs for as long as possible, as negotiations with Washington continue amid mounting pressure on the country’s export-dependent economy.
South Korea’s Finance Minister Choi Sang-mok said on Tuesday that the government will work to postpone the implementation of reciprocal U.S. tariffs for as long as possible, as Seoul navigates negotiations with Washington amid growing uncertainty for its export-driven economy.
South Korea is among the countries with which U.S. Treasury Secretary Scott Bessent has confirmed Washington plans to hold tariff discussions. Although President Donald Trump imposed 25% reciprocal tariffs, their implementation has been temporarily paused.
Speaking in parliament, Choi emphasized that delaying the tariffs is a top priority in order to reduce the risks facing South Korean businesses in the global marketplace.
“From our national interest perspective, the goal is to negotiate thoroughly and conclude the matter under the current administration,” Choi said in response to a question from a lawmaker regarding Seoul’s strategy.
South Korea is set to elect a new president in a snap election on June 3, following the recent removal of President Yoon Suk Yeol after his controversial martial law declaration.
The European Union will strengthen its power grid and launch a new initiative targeting eight key energy bottlenecks across the bloc, according to the...
Italy will deploy two Eurofighter Typhoon jets to support NATO’s new mission reinforcing its eastern flank, after a series of suspected Russian dron...
A residential building was struck by a Russian drone in Kharkiv’s Slobidskyi district on Tuesday, according to local officials....
A Serbian prosecutor on Tuesday indicted 13 people, including a former minister over their role in a railway station roof collapse last year that kill...
The eighth Congress of World and Traditional Religious Leaders has commenced in Astana, bringing together around 100 delegations from 60 countries....
The European Union will strengthen its power grid and launch a new initiative targeting eight key energy bottlenecks across the bloc, according to the European Commission President.
Italy will deploy two Eurofighter Typhoon jets to support NATO’s new mission reinforcing its eastern flank, after a series of suspected Russian drones entered Poland and Romania airspaces according to the Italian ANSA news agency on Tuesday.
A residential building was struck by a Russian drone in Kharkiv’s Slobidskyi district on Tuesday, according to local officials.
A Serbian prosecutor on Tuesday indicted 13 people, including a former minister over their role in a railway station roof collapse last year that killed 16 people and triggered months of nationwide anti-government protests.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
The European Union will strengthen its power grid and launch a new initiative targeting eight key energy bottlenecks across the bloc, according to the European Commission President.
Italy will deploy two Eurofighter Typhoon jets to support NATO’s new mission reinforcing its eastern flank, after a series of suspected Russian drones entered Poland and Romania airspaces according to the Italian ANSA news agency on Tuesday.
A residential building was struck by a Russian drone in Kharkiv’s Slobidskyi district on Tuesday, according to local officials.
A Serbian prosecutor on Tuesday indicted 13 people, including a former minister over their role in a railway station roof collapse last year that killed 16 people and triggered months of nationwide anti-government protests.
The eighth Congress of World and Traditional Religious Leaders has commenced in Astana, bringing together around 100 delegations from 60 countries.
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