Trump, South Korea and tariffs
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Trump slapped Japan with 24% tariffs and South Korea 25%.
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The actions by the United States underscored the need for South Africa to accelerate efforts to diversify its export markets, the ministers said, mentioning markets in Asia and the Middle East as pot...
From Reuters
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South Korea's acting President Han Duck-soo called on Thursday for talks with U.S. officials to shield the export-reliant economy from the impact of U.S. tariffs and ordered emergency support measures for businesses.
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South Korea’s interim leadership was thrown into emergency mode to protect the export-reliant economy from a trade crisis after the Trump administration announced one of the highest tariff rates to hit a US security ally.
South Korea said it will provide "emergency support measures" for industries, such as automobiles, that are bracing for the U.S. tariffs announced by President Trump Wednesday. "Given that the gravity of a global tariff war has now become a reality,
President Trump's reciprocal tariffs on Japan (24%) and South Korea (25%) were largely in line with market expectations.
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South Koreas acting President Han Duck-soo has ordered emergency support measures for industries affected by sweeping new U.S. tariffs, including a 25% tariff on Korean automobile exports. The move follows President
China is seeking to coordinate its response to U.S. tariffs with Japan and South Korea, Chinese state media said.
BEIJING (Reuters) -China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called "somewhat exaggerated", while Tokyo said there was no such discussion.
Indian investors joined the sell-off on Friday, with the Nifty 50 and BSE Sensex indexes both falling more than 1%. India's stock markets had previously performed better than others thanks to lower tariffs than competitors like China, Indonesia and Vietnam.
The White House on Thursday defended its decision to not include Russia, North Korea, Cuba or Belarus in the latest round of tariffs, which targeted dozens of global trading partners that were
1don MSN
Vietnam will impose a temporary anti-dumping levy of up to 37.13% on some galvanised steel products originating from China, and up to 15.67% for some products from South Korea, showed a trade ministry statement dated April 1.