Iran-U.S.-Israel tensions rise after strikes and threats of retaliation- 31 March
The Iran-U.S.-Israel conflict is intensifying, with fresh strikes near Tehran, European calls for restraint, and Iran threatening to target U.S. fi...
South Korea’s customs agency has uncovered a surge in efforts to falsely label foreign goods—mostly from China—as South Korean exports in an attempt to bypass steep U.S. tariffs introduced by President Donald Trump, officials said Monday.
The Korea Customs Service (KCS) announced it has detected 29.5 billion won (approximately $20.81 million) in origin-related violations during the first quarter of this year, with 97% of the illicit shipments headed for the United States. This sharp uptick comes amid growing concerns about foreign companies exploiting South Korea’s trade ties with the U.S. to evade punitive tariffs.
The latest figure is already approaching the 34.8 billion won total for all of 2024, when U.S.-bound shipments made up 62% of violations. According to KCS investigation planning director Lee Kwang-woo, the surge in violations follows patterns seen during Trump’s first presidency, when similar tactics were used to sidestep trade restrictions.
“Disguised export attempts increased under Trump’s previous administration, and we expect a comparable trend this time,” Lee said during a press briefing. He added that the KCS had acted preemptively in conducting a special investigation last month, anticipating greater risk as Trump’s tariff policy took effect.
South Korea, a key U.S. ally and party to a free trade agreement with Washington, is seen as an attractive transshipment point for companies—particularly in neighboring China—looking to avoid U.S. trade barriers. On Monday, South Korean customs officials met with their American counterparts to coordinate joint investigations into such practices.
One example highlighted in the KCS report involved 3.3 billion won worth of cathode materials—key components in battery production—that were imported from China but falsely labeled as South Korean before being shipped to the U.S. These shipments took place in January, prior to Trump’s new tariff package but still aimed at dodging existing high U.S. duties on Chinese goods.
President Trump, who began his second term in January, has reintroduced aggressive trade policies, including a 25% tariff on South Korean goods—though this has been temporarily suspended for three months. Meanwhile, tariffs on Chinese imports have soared to 145% following escalating retaliatory measures that have drastically disrupted trade between the world's two largest economies.
South Korean authorities say they will continue to crack down on attempts to exploit the country’s favorable trade status, particularly as global supply chains shift in response to evolving geopolitical tensions.
U.S. President Donald Trump has said that the U.S is in talks with the new Iranian regime. He said this in a post on his Truth Social account but warned that the U.S. will "Obliterate" Iran's electric and oil facilities if no deal is reached, especially regarding the Strait of Hormuz closure.
NASA is aiming to launch its Artemis 2 mission on Wednesday (1 April), sending astronauts on a 10-day journey around the Moon, officials confirmed. According to the Space Administration, the launch window is due to open at 23:24 GMT, with additional opportunities to 6 April if delays occur.
The Iran-U.S.-Israel conflict is intensifying, with fresh strikes near Tehran, European calls for restraint, and Iran threatening to target U.S. firms in the region, raising fears of a broader escalation across the Middle East.
The war in Iran has rapidly upended regional security, triggering spillover across the Middle East and raising fears of wider economic disruption that could threaten globalisation.
The Israeli military said on Monday that Iran launched multiple waves of missiles at Israel, and an attack had also been launched from Yemen for the second time since the U.S.-Israeli war began on Tehran. It said two drones from Yemen were intercepted early 30 March but gave no further details.
A Russia-flagged tanker carrying about 700,000 barrels of crude has arrived in Cuba’s Matanzas Bay, marking the first major oil delivery to the island since the Trump administration cut off its fuel supplies.
China and Kenya have agreed to revive a long-delayed railway project, signalling renewed momentum in infrastructure cooperation and a shift towards more sustainable financing models across Africa.
HHungary’s foreign minister has been drawn into controversy after an audio recording, released by an investigative outlet, appeared to show him discussing EU sanctions with his Russian counterpart days before an election that could shape Budapest’s relationship with Moscow, Reuters reports.
The European Union's top diplomat Kaja Kallas and several EU foreign ministers arrived in Kyiv on Tuesday to mark the fourth anniversary of the Bucha massacre and to voice their support for Ukraine, amid tensions within the bloc over blocked EU aid.
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