Over the weekend, the United States’ major trading partners sought to reach trade agreements or lobbied for more time. Meanwhile, Treasury Secretary Scott Benson stated that some countries that failed to reach an agreement by Wednesday’s deadline would have the option to extend negotiations for three weeks. Beshear said on CNN’s “State of the Union” […]
US President Donald Trump said that after weeks of close diplomatic consultations, he has reached a trade deal with Vietnam and will not impose higher tariffs on Vietnamese imports by next week’s deadline. Trump said on social media on Wednesday that the US will impose a 20% tariff on goods exported from Vietnam to the […]
As Washington and Beijing implemented a trade deal to ease recent restrictions on key technologies, the Trump administration lifted the export license requirement for the sale of chip design software to China. According to a company statement, the US Department of Commerce has informed the world’s three major chip design software suppliers – Synopsys Inc., […]
US President Donald Trump said he would not consider postponing the July 9 deadline for resuming tariffs and again threatened to suspend negotiations and impose tariffs on multiple countries, including Japan. “No, I haven’t considered a pause,” Trump said Tuesday when asked if he would extend the negotiation period with trading partners. “I’ll be writing […]
US President Donald Trump said that the auto trade between the United States and Japan was unfair and proposed maintaining a 25% auto tariff. If no agreement could be reached, the US would raise auto tariffs across the board in a little over a week. “So we don’t give them our cars. They won’t accept […]
The continuous rise in housing prices, especially in the Seoul metropolitan area, may accelerate South Korea’s debt accumulation and pose a risk to financial stability, threatening the financial system that has generally performed well in the face of long-term political unrest and US tariffs. The Bank of Korea released its semi-annual financial system report on […]
Federal Reserve Chair Jerome Powell had many opportunities on Tuesday to make it clear to lawmakers that the central bank would soon cut interest rates. But he didn’t seize any of them. On the contrary, Powell restated his view that policymakers need not rush to adjust policy, contrary to President Donald Trump’s demands and the […]
US President Donald Trump unexpectedly announced a ceasefire, and the 12-day war between Iran and Israel seems to be coming to an end. During this conflict, Iran’s top military leaders and scientists were killed, the US bombed Iran’s nuclear facilities and launched multiple missiles at Qatar. The specific time of the pause and Israel’s response […]
Shares of Pop Mart International Group Limited fell in Hong Kong after Chinese official media made comments calling for stricter regulation of blind box toys and collectible card games, raising concerns about the company’s popular Labub doll business. Although the comment did not name the company, it scared traders. The company’s share price has risen […]
Trump’s spokesperson said that President Trump will decide within two weeks whether to strike Iran, as Israel attacked more Iranian nuclear facilities and warned that its attacks might topple the leadership in Tehran. White House spokesperson Caroline Levitt said that in his dictated message, Trump stated: “Based on the fact that there is a high […]