South Korea aims to delay new U.S. tariffs, prioritizing economic stability amid trade tensions. Finance Minister Choi Sang-mok emphasized the importance of reducing uncertainty for export industries, while ongoing talks with the U.S. seek a mutually beneficial resolution.
South Korea is aiming to delay the implementation of new U.S. tariffs, prioritising national interest and economic stability amid mounting trade tensions. Finance Minister Choi Sang-mok told parliament that Seoul would push to postpone the tariffs “as much as possible” during negotiations with the U.S., seeking to reduce uncertainty for export-reliant industries.
U.S. President Donald Trump recently imposed sweeping tariffs, including 25% duties on steel, aluminium, and vehicles, hitting South Korea hard. Although a 90-day pause was introduced for some goods, key sectors remain affected. A snap presidential election on 3 June, following the ousting of Yoon Suk Yeol, has added political complexity.
Acting President Han Duck-soo has engaged in discussions with Trump and top U.S. officials, aiming to shape a mutually beneficial trade path. Talks have focused on potential cooperation in shipbuilding and South Korea’s participation in a U.S. gas pipeline project in Alaska.
As Seoul ramps up support for its semiconductor industry with a £23 billion package, concerns linger over Trump’s upcoming tariff announcement on chips. Trade Minister Ahn Duk-geun may travel to Washington next week for further negotiations, underlining Seoul’s diplomatic push to protect its global trade interests.
South Korea and Malaysia agreed to expand bilateral cooperation, including efforts to finalize a free trade agreement, during a phone call between their leaders, local media reported.
South Korea’s chief trade negotiator, Yeo Han-koo, will travel to the United States from June 22 to 27 for a new round of high-level discussions aimed at resolving escalating trade tensions, the Ministry of Trade, Industry and Energy announced on Saturday.
South Korea on Friday pushed back against U.S. demands to sharply increase its defense budget, saying its current spending is already among the highest relative to GDP for U.S. allies.
South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.
North Korea launched over 10 rockets from near Pyongyang on Thursday, prompting fresh concerns in the region.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometers north of Baghdad.
Three explosions were heard in Tehran early Tuesday, shortly after the Israeli army issued an evacuation alert for the city’s Seventh District, warning of possible strikes..
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire that will end the 12-day war between the two countries.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy met in London on Monday and signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs).
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometers north of Baghdad.
Three explosions were heard in Tehran early Tuesday, shortly after the Israeli army issued an evacuation alert for the city’s Seventh District, warning of possible strikes..
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire that will end the 12-day war between the two countries.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy met in London on Monday and signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs).
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometers north of Baghdad.
Three explosions were heard in Tehran early Tuesday, shortly after the Israeli army issued an evacuation alert for the city’s Seventh District, warning of possible strikes..
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire that will end the 12-day war between the two countries.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy met in London on Monday and signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs).
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