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.
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Central Asia’s population could reach 96 million by 2040, according to the head of the Eurasian Development Bank (EDB), highlighting both the region’s economic potential and the growing strain on infrastructure, trade routes and long-term development models.
A British national was among at least 19 people killed when a passenger bus plunged off a mountain highway into the Trishuli river in Nepal before dawn on Monday (23 February), authorities said. A New Zealander and a Chinese national were among those injured.
Against a backdrop of mounting environmental pressure across Central Asia, the Kazakh Ministry of Ecology and Natural Resources has announced that the Regional Ecological Summit (RES) 2026 will take place from 22–24 April in Astana.
Iran has signed a secret €500 million arms deal with Russia to rebuild air defences, weakened during last year’s war with Israel, the Financial Times has reported. The agreement, signed in December in Moscow, will see Russia deliver 500 Verba launch units and 2,500 9M336 missiles over three years.
A seven-month-old Japanese macaque has drawn international attention after forming an unusual bond with a stuffed orangutan toy after being rejected by its mother.
Divers have recovered the bodies of seven Chinese tourists and a Russian driver after their minibus broke through the ice of on Lake Baikal in Russia, authorities said.
Iran announced on Saturday (21 February) that it has designated the naval and air forces of European Union member states as “terrorist entities” in a reciprocal move after the EU blacklisted the Islamic Revolutionary Guard Corps (IRGC).
Pakistan said it carried out cross-border strikes on militant targets inside Afghanistan after blaming a series of recent suicide bombings, including attacks during the holy month of Ramadan, on fighters it said were operating from Afghan territory.
Italy said a fond farewell to the Winter Olympics on Sunday with an open-air ceremony in the ancient Verona Arena that celebrated art and sporting achievement at a Games lauded as a model for how to stage such events.
The former British ambassador to the U.S. Peter Mandelson has been arrested by police in London on suspicion of misconduct in public office.
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The European Parliament on Monday (23 February) postponed a vote on the EU’s trade deal with the U.S. after President Donald Trump imposed a blanket 15% import duty.
The U.S. Supreme Court has overturned key elements of President Donald Trump’s global tariff policy, creating uncertainty ahead of his March meeting with China’s Xi Jinping. The ruling raises fresh questions about the future of U.S.-China trade relations and the stability of the global economy.
Australian Prime Minister Anthony Albanese has written to British Prime Minister Keir Starmer to say he would back any UK government plan to remove Andrew Mountbatten-Windsor from the line of succession, a statement shared by Starmer's office said.
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