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Why Japan and South Korea are on different paths in the latest US trade salvo

Why Japan and South Korea are on different paths in the latest US trade salvo

TOKYO/SEOUL – Japan looks set to dig in its heels while South Korea will fire up the thrusters in trade talks, following US President Donald Trump’s July 7 decision to impose a 25 per cent “reciprocal” tariff on both countries from August. The...

Trump ramps up pressure on S. Korea with dual demands on trade, defense

Trump ramps up pressure on S. Korea with dual demands on trade, defense

U.S. President Donald Trump escalated pressure on Korea by pairing tariff threats with renewed demands for increased defense cost-sharing, amid ongoing trade talks between the two nations. The Trump administration formally notified Korea, Monday...

Path to upper-middle economy

DAR ES SALAAM: A NEW era is beckoning for Tanzania as President Samia Suluhu Hassan is set to officially launch the Tanzania Development Vision 2050 (TDV 2050) in the capital city, Dodoma, on July 17th this year. Envisioned to take Tanzania to the...

The long journey of coexistence between South Korea and Japan

The long journey of coexistence between South Korea and Japan

Japan's Prime Minister Shigeru Ishiba and South Korea's President Lee Jae-myung shake hands at the start of their bilateral meeting on the sidelines of the G7 Summit in Kananaskis, Alberta on June 17, 2025. Photo: VCGOn June 19, the South Korean...

South Korean bank stocks surge on stablecoin trademark filings

South Korean bank stocks surge on stablecoin trademark filings

Shares of major South Korean banks surged following trademark filings for stablecoins, signaling growing institutional interest in digital assets. According to Google Finance data, at least three South Korean banks that recently applied for Korean...

Trump to announce trade tariffs on new batch of...

Trump to announce trade tariffs on new batch of...

President Donald Trump has announced on Truth Social that the US will unveil a minimum of seven new countries facing trade tariffs on Wednesday morning (local time), with additional names to be released later in the day. The move is part of a...

South Korea responds to renewed US tariff threat

South Korea responds to renewed US tariff threat

Employees work at Pyeongtaek port in Pyeongtaek, South Korea, July 8, 2025. [Photo/Agencies] South Korea's Presidential Office said on Tuesday the country's national interests are more important than rushing into negotiations with the United...

Trump Imposes 25% Tariffs on Japan, South Korea, and a Dozen Other Nations

Trump Imposes 25% Tariffs on Japan, South Korea, and a Dozen Other Nations

Yesterday, per AP and CBS News,1,2 US President Donald Trump enacted a multitude of tariffs expected to go into effect on Aug. 1, including a 25% import tax on both Japan and South Korea, along with new taxes on a dozen other nations. A 90-day...

Trump signals continuing trade-defense link as tariff talks drag on

Trump signals continuing trade-defense link as tariff talks drag on

As a tariff deadline looms for Japan and South Korea, U.S. President Donald Trump is again demanding Asian allies cough up more cash for hosting American troops and hinting that they should spend more on their own defense — a signal that he is...

Improving China ties a 'necessary matter' for South Korea

Improving China ties a 'necessary matter' for South Korea

A view of Beijing (left) and Seoul. Photo: VCG Editor's Note: A delegation of lawmakers from the Korea-China Parliamentary Federation is visiting China from June 23 to 26 to discuss bilateral cooperation in advanced technologies. It is the first...

Japan and South Korea push for U.S. tariff negotiations before August deadline

Japan and South Korea push for U.S. tariff negotiations before August deadline

Open this photo in gallery:Cranes, vehicles and shipping containers at a port in Pyeongtaek, South Korea, in April, 2025. U.S. President Donald Trump on Monday told Japan and South Korea they would face 25 per cent tariffs.Ahn Young-joon/The...

Seoul fails to bring Japan’s forced labor issue to fore at Unesco

Seoul fails to bring Japan’s forced labor issue to fore at Unesco

Battleship Island in Nagasaki, Japan (Getty Images Bank) SEOUL — South Korea has failed to place Japan’s failure to address colonial-era forced labor at UNESCO-listed Meiji Industrial Revolution sites on UNESCO’s official discussion agenda. The...

AI, HPC demand push Taiwan's exports to new heights despite trade worries

AI, HPC demand push Taiwan's exports to new heights despite trade worries

Taiwan's June exports hit a record USD 53.32 billion, a 20th straight month of growth, driven by AI and high-performance computing demand. In June, Taiwan's exports reached a new monthly high of USD 53.32 billion, marking the 20th consecutive...

Korea needs a new long-term economic strategy

Korea needs a new long-term economic strategy

During the first Trump administration, Seoul began to contemplate an economic strategy that reduced its dependence on the United States and China. With the return of Donald Trump and the more aggressive use of tariffs by his administration, a new...

Iran Releases Currency Exchange Rates For July 9

Iran Releases Currency Exchange Rates For July 9

(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 9.​ The Central Bank of Iran (CBI) has released the official exchange rates for foreign currencies as of July 9, Trend reports. According to the rates announced by the CBI, the value of 28...

Trump slaps 25% tariffs on key Asian allies Japan and South Korea

Trump slaps 25% tariffs on key Asian allies Japan and South Korea

Trump imposes 25% tariffs on Japan and South Korea, effective August 1, citing unfair trade imbalances and warning of hikes if allies retaliate. The tariffs, part of Trump’s broader trade strategy, also target South Africa, Bangladesh, Laos, and...

Myanmar to seek positive trade talks with US after Trump announces 40% tariff on imports

Myanmar to seek positive trade talks with US after Trump announces 40% tariff on imports

Regarding the letter sent by US President Donald Trump to Chairman of Myanmar’s State Administration Council (SAC) and Prime Minister Senior General Min Aung Hlaing concerning trade matters, SAC Spokesman Major General Zaw Min Tun stated that...

Dollar Rises as Trade Tensions Undercut Stocks

Dollar Rises as Trade Tensions Undercut Stocks

Pile of money with hands by Sergey Nazarov via iStock The dollar index (DXY00) Monday rose by +0.30% and posted a 1.5-week high. The weakness in stocks on Monday boosted some liquidity demand for the dollar. The dollar extended its gains Monday...

Trump Sets 25% Tariffs on Japan and South Korea

Trump Sets 25% Tariffs on Japan and South Korea

(AP) — President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1. Trump provided notice by posting letters on Truth Social...

South Korea pushing for summit with Trump over tariffs

South Korea pushing for summit with Trump over tariffs

The United States is now preparing to slap a 25-percent tariff on South Korea. But officials in Seoul are optimistic about reaching an agreement. President Donald Trump said on Monday that he has sent a letter to his counterpart Lee Jae-myung,...

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