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
South Korea's auto sector is expected to face "considerable difficulties" when U.S. import tariffs on cars announced by President Donald Trump take effect and the government plans an emergency response by April,
China is seeking to coordinate its response to U.S. tariffs with Japan and South Korea, Chinese state media said.
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.
A 10 percent tariff will apply to all countries, but trading partners like China, Japan and Europe will face rates two and three times as high.
TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Friday, April 4, 2025. Here are the highlights: South Korean Court Officially Impeaches President Yoon Suk Yeol; Rupiah Weakens to Rp16,772 per US Dollar: What's Driving the Decline?; From Tariffs to Tensions: 5 Countries Caught in U.S. Trade Wars.
U.S. stocks continued their plunge Friday amid an escalating global trade war in response to President Donald Trump's "Liberation Day" levies.
U.S. trading partners reacted from a range of relief to anger after President Donald Trump imposed tariffs on trading partners.