The White House announced Wednesday that it is imposing an additional 25% tariff on India, bringing the total levies against the major United States trading partner to 50%. “I find that the Government of India is currently directly or indirectly…
Data from Japan’s agriculture ministry revealed that the average price of a five-kg bag of rice had fallen to 3,920 yen ($27.03) for the week ending June 15, which marked the first time that rice had fallen below the 4,000-yen…
South Korea avoided a technical recession as its economy expanded by 0.6% from the previous quarter, beating expectations, according to advance estimates. This was higher than the 0.5% expected by economists polled by Reuters, and a reversal from the 0.2%…
Japan’s embattled prime minister Shigeru Ishiba, fresh off a crushing defeat in upper house elections over the weekend, will not be in a position of strength to negotiate a favorable trade deal with the U.S., analysts said. The ruling Liberal…
Detailing the operation, Trump said the U.S. and Israel, “worked as a team, like perhaps no team has ever worked before. We’ve gone a long way to erasing this horrible threat” to the American ally. The president congratulated the U.S.…
Prime Minister Shigeru Ishiba has also signaled sharper focus on the defense sector and became the first sitting prime minister to attend DSEI Japan, the country’s largest defense exhibition. While the shift in stance comes at a time when global…
Asia-Pacific markets traded mixed Monday as investors assessed U.S. President Donald Trump’s postponement of 50% tariffs on European Union imports. South Korea’s Kospi index advanced 2.02% to close at 2,644.40, its highest level since Feb. 24, while the small-cap Kosdaq…
South Korean presidential frontrunner Lee Jae-myung said on Sunday the deadline to reach a deal with the U.S. on President Donald Trump’s trade tariffs needs to be reconsidered to find a mutually beneficial agreement between the two allies. Tariff negotiations…
South Korean defense stocks rose Tuesday, in line with a broad-based pickup in defense names globally, as the Russia-Ukraine war fuels security concerns. Gains among South Korean names were led by Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem and LIG…
South Korean prosecutors have indicted former president Moon Jae-in for alleged bribery, a prosecution office spokesperson said Thursday, in a case related to the appointment of his former son-in-law at a Thai airline. Moon, 72, was indicted for bribery, while…
South Korea has found increased attempts to disguise foreign products as Korean exports, primarily from China, to avoid U.S. President Donald Trump’s sweeping tariffs, its customs agency said Monday. The Korea Customs Service said it has found 29.5 billion won…
South Korea and Vietnam said on Wednesday they agreed to cooperate closely, after the announcement of U.S. tariffs that pose a major challenge for both economies and for companies like Samsung Electronics with big investments in Vietnam. Vietnam’s foreign ministry…
South Korea’s trade minister has asked his U.S. counterpart to exempt the country from reciprocal tariffs if they go into effect in April, the trade ministry said on Saturday. During his visit to Washington this week, Trade Minister Cheong In-kyo…
South Korean President Yoon Suk Yeol walked out of a detention center in Seoul on Saturday after prosecutors decided not to appeal a court decision to cancel the impeached leader’s arrest warrant on insurrection charges. Yoon, 64, remains suspended from…