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.
Axios has published the full 28-point framework drafted by the U.S. administration, outlining a proposed settlement between Ukraine and Russia built o...
South Africa and the European Union vowed to defend multilateralism on Thursday (November 20), ahead of the G20 summit, as they signed a partnership o...
More international support is needed to stabilise the Palestinian fiscal situation, the European Commissioner for the Mediterranean Dubravka Suica sai...
Russian President Vladimir Putin visited the command post of the Russian forces “West” grouping on Thursday (November 20), meeting with Chief of R...
The White House said on Thursday (November 20) that senior Trump administration officials met with Ukrainian representatives this past week to discuss...
The U.S. and South Korea revealed the details of a significant trade agreement on Friday, which includes a $150 billion investment from South Korea in the American shipbuilding sector and an additional $200 billion to be allocated across various industrial sectors.
Two weeks after U.S. President Donald Trump and South Korea's Lee Jae Myung met and announced they had resolved months of negotiations over tariffs and security issues, the two sides have yet to release any formal agreement.
China says it will make adjustments to the catalogue of drug-related precursor chemicals and will require licences for export of certain chemicals to the U.S., Canada and Mexico.
South Korean rescue teams have recovered a third body from the wreckage following the collapse of a large structure at a power station, local media reported on Sunday.
Indonesian authorities evacuated more than 900 people from nearby villages and were helping 170 stranded climbers return safely after the eruption of Semeru volcano, one of the country's tallest mountains.
Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
A fresh wave of floods and landslides triggered by heavy rainfall in central Vietnam since the weekend has claimed at least eight lives, according to a government report on Wednesday. Traders have also cautioned that the extreme weather could disrupt the ongoing coffee harvest.
Germany has returned 12 royal-era cultural artefacts to Ethiopia in a ceremony in Addis Ababa, marking a formal step in ongoing cultural cooperation between the two countries.
Japan’s tourism sector is bracing for heavy economic fallout after China warned its citizens against visiting, setting off a wave of cancellations that analysts estimate could cost the economy more than $14.23 billion a year.
Axios has published the full 28-point framework drafted by the U.S. administration, outlining a proposed settlement between Ukraine and Russia built on security guarantees, territorial provisions and long-term economic arrangements.
South Africa and the European Union vowed to defend multilateralism on Thursday (November 20), ahead of the G20 summit, as they signed a partnership on critical minerals.
More international support is needed to stabilise the Palestinian fiscal situation, the European Commissioner for the Mediterranean Dubravka Suica said on Thursday (November 20).
Russian President Vladimir Putin visited the command post of the Russian forces “West” grouping on Thursday (November 20), meeting with Chief of Russia’s General Staff Valery Gerasimov and senior military officials, the Kremlin said.
The White House said on Thursday (November 20) that senior Trump administration officials met with Ukrainian representatives this past week to discuss a peace plan designed to be acceptable to both Ukraine and Russia.
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