South Korea Rushes to Aid Affected Businesses
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Both Japan and South Korea will actively seek to reduce President Trump’s reciprocal tariffs of 24% and 25%, respectively.
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Trump presented the import taxes, which he calls “reciprocal tariffs” and range from 10% to 49%, in the simplest terms: the U.S. would do to its trading partners what he said they had been doing to th...
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Market futures started tumbling down immediately after President Donald Trump’s announcement of far-reaching tariffs.
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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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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.
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,
World leaders have issued a variety of responses to the Trump "Liberation Day" tariffs, including aggressive counter tariffs of their own.
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SEOUL, South Korea (AP) — South Korea’s Constitutional Court unanimously removed Yoon Suk Yeol from office Friday, ending his tumultuous presidency and setting up a new election, four months after he threw the nation into turmoil with an ill-fated declaration of martial law.
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.
Cambodia, Laos, and Myanmar were hit with tariffs of 49%, 48%, and 44% respectively.
In April, dividend payouts should drive the weak KRW.