South Korea

The major stock indexes declined on Tuesday after the United States announced that 104% tariffs on imports from China would take effect shortly after midnight. However, the euro and European equity futures rose following reports that Germany's parties had reached an agreement on a coalition. However, two people who knew the situation said that the German coalition was still not agreed upon. Investors were optimistic earlier in the morning that Washington would be willing to negotiate some of its aggressive trade tariffs. The Trump administration is also It is important to begin discussions with other trading partners that are being...

The Nasdaq Composite is heading towards a bear market as China retaliated against U.S. president Donald Trump's new tariffs, and concerns about a trade war escalated. The fact that the U.S. economy created far more jobs in March than was expected did not brighten the mood. China responded to Trump's new tariffs by announcing that it would add an additional 34% tax on American goods. This confirms investor fears of a global trade war. Trump imposed a 10% tariff Wednesday on the majority of U.S. imports, and even higher levies against dozens of other countries. This is the most severe...

Stocks plunged, bonds surged and the dollar rose on Thursday, as U.S. president Donald Trump announced an even larger-than-expected wall around the largest economy in the world, disrupting trade and supply chain. Nasdaq Futures fell 4%. Tech was on the frontline because China, which has been hit with an additional 34% tariff on top of its previous 20%, is a major manufacturing hub. Apple shares fell nearly 7% after-hours. S&P futures declined 3.3%, while Nikkei Futures fell more than 4%. Australian shares fell 2%. The U.S. Dollar was higher on a rollercoaster of currency trading, except for the safe-haven Japanese...

The stock market fell on Wednesday as investors worried about the risk of a global trade war intensifying. In recent weeks, investors have been focused on the new round reciprocal levies which the White House will announce at 2000 GMT on Wednesday. These are expected to go into effect immediately following the announcement. Trump has already imposed duties on autos, aluminium and steel, as well as increased duties on all Chinese goods. This has rattled the markets, with fears growing that a full-blown global trade war may trigger a sharp economic slowdown. The European markets were relatively quiet, with stock...

The global stock market rose on Tuesday, following Wall Street’s overnight gains. Gold reached a record high and Treasury yields dropped as markets waited for details about U.S. president Donald Trump’s reciprocal tariffs. The Japanese yen and Swiss franc held steady as demand for traditional safe-haven assets increased. The risk-sensitive Australian Dollar also rebounded, after the Reserve Bank of Australia kept interest rates unchanged, as expected, while warning of a "pronounced" uncertainty in the global economy. Investors anxiously await April 2, the day Trump has called "Liberation Day", where he promises to reveal a massive tariff plan. The Office of...

Asian stocks dropped on Friday, with South Korea and Japan seeing heavy selling. Meanwhile, gold reached a new record high after the latest tariff salvo by U.S. president Donald Trump raised investor fears of a full-blown trade war. Trump has moved forward with a 25% auto import tariff that will kick in next Monday. This move has drawn fierce criticism from politicians, industry executives and car manufacturers around the world. Trump's escalation of the global war on trade that he started upon regaining power has shocked the markets. Shares of automakers around the world have been hit especially hard. In...

The European stock market fell on Thursday, and Wall Street is expected to open lower as shares of some of the biggest automakers in the world tumbled following U.S. president Donald Trump's announcement on new tariffs for auto imports. Trump announced 25% tariffs for all foreign-made vehicles and auto parts imported to the United States late Wednesday night, causing heavy losses overnight in Japanese and South Korean stock markets. After the bell, U.S. automobile manufacturers lost ground. General Motors shares fell 6% while Ford shares dropped almost 5%. This was due to concerns over the impact of their supply chains....

Alaskan state officials, including the governor and energy officials, visited South Korea to discuss energy collaboration on Tuesday. This was in response to President Donald Trump's call for U.S. ally countries to join an stalled pipeline project. The American Chamber of Commerce in Korea said that the Governor Mike Dunleavy delegation included officials from the Glanfarne Group, which is a partner in a project to transport natural gas from Alaska's remote northern region via a $44-billion pipeline, and the state agency for gas. Dunleavy and South Korean Industry Minister Ahn duk-geun discussed energy issues including the Alaska LNG project and...

The European share market fell on Wednesday following a Wall Street sell-off overnight. Meanwhile, the dollar rose from its five-month low in anticipation of the Federal Reserve's rate decision later that day. Turkish bonds, stocks and the Turkish lira have all fallen, while Turkish authorities detained The main political rival of President Tayyip Erdoan on Wednesday was his main rival. The pan-European STOXX 600 Index was down by 0.1% last session after having risen for three sessions in a row, thanks to the boost from Germany's overhaul Spending more money on infrastructure and defence is a way to get around...

Alaska's Governor and State Representatives will be visiting Japan and three other Asian Countries starting this week in order to court investors for the natural gas project that President Donald Trump claims could pump trillions into the U.S. Tim Fitzpatrick, spokesperson for the Alaska Gasline Development Corporation and Glenfarne Group, said that officials from both organizations will be visiting allied Asian nations "to inform industry leaders about Alaska LNG's competitive advantages and economics", and to discuss possible opportunities. Officials want to ship liquefied gas from Alaska's remote northern region to Japan, South Korea, and Taiwan via a 1,300 km (800...

Asia shares rose Friday, and global markets tried to rebound after a brutal sale earlier in the week. Gold reached a new record as investors became nervous due to the latest escalation in global trade tensions. After Senator Chuck Schumer announced that he would vote for a Republican funding bill to avoid a government shutdown, he signaled his party's support. U.S. Stock Futures were a strong response. Nasdaq futures gained more than 1% in one instance and S&P futures advanced by 0.6%. FTSE Futures also gained 0.3%. DAX futures rose 0.6%. Alvin Tan is the head of Asia FX Strategy...

The stock market rose sharply Wednesday, after U.S. president Donald Trump agreed that tariffs on certain vehicles made in North America would be delayed for one month. Meanwhile, the euro reached its highest level in four months versus the U.S. Dollar. The White House stated that the president reached an agreement following a phone call with the CEOs from General Motors, Ford and Stellantis. Tariffs imposed by the United States on imports of goods from Canada, Mexico, and China came into effect on Tuesday. The stock market was volatile in the morning, but then turned sharply upwards by afternoon. "It...

A statement from the trade ministry dated April 1 revealed that Vietnam would impose a temporary antidumping levy up to 37,13 % on certain galvanised products from China and up to 15,67 % for some South Korean products. Statement: The tariffs are effective from 16 April and will be in effect for 120 days. The rate of 37.13% will apply to all Chinese steel producers, including the industry leader Baoshan Iron & Steel. According to a statement, however, Yieh Phui and Boxing Hengrui New Material will be exempted. The statement stated that South Korea's Hyundai Steel would face a tariff...

Hyundai Motor Group and Hyundai Steel, both of South Korea, will invest $5.8 Billion to build a steel mill in Louisiana in the U.S. with a capacity of 2.7 Million tonnes per year. The company announced this in a filing with the regulatory authorities on Tuesday. Hyundai Steel shares rose initially by more than 5%, but they reversed their gains and ended 7% lower after U.S. president Donald Trump praised its plan. Hyundai Steel's new U.S. Steel plant is part the Hyundai Motor Group plan to invest $21 Billion in the United States. The South Korean company's Chairman announced the...

A U.S. official revealed that the Hyundai Motor Group of South Korea will announce a $20 Billion investment in the United States on Monday at the White House. CNBC reported the investment, which included a $5 billion plant in Louisiana, would be announced by President Donald Trump and Hyundai Chairman Euisun Chung. Jeff Landry. Trump has threatened to impose tariffs in response on April 2 against countries like South Korea, which have large surpluses of trade with the United States. Hyundai Motor and Hyundai Steel spokespeople were not available to comment immediately. Both the Louisiana Governor's Office and the White...

CNBC reported Monday that Hyundai, the South Korean automaker, is planning to announce a 20 billion dollar investment in the United States. This includes a $5 billion steel mill in Louisiana. The plan will include hiring approximately 1,500 workers to produce next-generation stainless steel, which will be used in the company's U.S. auto factories that manufacture electric cars. Hyundai Steel is not available to comment at this time. Both the Louisiana Governor's Office and the White House did not respond to requests for comments. A spokesperson stated earlier this month that Hyundai Steel had considered building a steel plant in...

As major producers around the world prepare for Wednesday's increased tariffs, two major South Korean steelmakers have been evaluating their options to invest in new facilities. They said that the options included investing in operations in the U.S. The U.S. President Donald Trump’s decision to increase protection for American producers of steel and aluminum restores global tariffs that are effective at 25% on all metal imports. It also extends these duties to hundreds downstream products, such as nuts and bolts, bulldozers blades and cans. Canada, the largest foreign supplier of aluminium and steel to the U.S.A., Brazil, Mexico, and South...

Donald Trump has been in office since January 20. The United States has issued numerous tariff threats. These can be broad - such as a tariff on all imported goods from abroad - or targeted at certain sectors, countries, or regions to try and get them to comply with his demands. Trump's threats are constantly changing, and other nations and businessmen are unsure of what to expect next. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS Trump's vision is based on a gradual roll-out of tariffs that will apply to all U.S. imported goods....

South Korea's leaders of business are stepping up to counter the aggressive trade policies of U.S. president Donald Trump. They have hired his former aides, and they are lobbying Republican States out frustration at delays from their own government. Trump's sometimes indiscriminate and sweeping trade measures have sparked a debate about how much international capitals can rely on the U.S., from politics to trade. South Korea is facing the most serious political crisis since the 1970s after President Yoon Suk Yeol was impeached and briefly declared martial law in December. Yoon's decision to align more closely with Washington amid the...

The industry ministry announced on Friday that South Korean officials had requested an exemption from the reciprocal U.S. steel and aluminum tariffs when they visited Washington this week. Park Jong-won led the first large South Korean delegation to visit Washington after U.S. president Donald Trump announced the sweeping tariffs. He argued that most tariffs have been eliminated between the two nations under their free trade agreements. South Korea, a major exporter in the world and a top trading partner of the United States has been increasingly concerned by Trump's actions. The ministry reported that Park praised South Korean investments in...

Donald Trump's advisers on trade were finalising plans for the reciprocal duties that the U.S. President has promised to impose against every country which charges duties on U.S. imported goods, raising fears of an expanding global trade war. Separately the trade ministers from the 27 countries of the European Union are due to meet by video conference to decide their response to the European Commission President Ursula von der Leyen's statement that tariffs against the EU "will not be ignored". Trump shocked the markets on Monday with his decision to impose tariffs starting March 12 on all imports of steel...

Donald Trump's advisers on trade were finalizing plans for the reciprocal duties that the U.S. President has promised to impose against every country that imposes duties on U.S. imported goods, raising fears of an expanding global trade war. Trump shocked the markets on Monday with his decision to impose tariffs starting March 12 on all imports of steel and aluminum. Mexico, Canada, and the European Union condemned the plans, while Japan, Australia, and other countries said they wanted exemptions. Industries that depend on imports of steel and aluminum scrambled to reduce the expected cost increase. Last week, Trump imposed an...

After U.S. president Donald Trump's decision imposing tariffs on steel and aluminum imports, fears of a possible trade war grew. Trump signed proclamations on Monday evening, increasing the U.S. Tariff rate on Aluminium to 25%. He also eliminated country exceptions, quota agreements and hundreds of thousands product-specific exclusions from tariffs. A White House official confirmed that the measures would go into effect on March 4. Tariffs will be applied to millions of tonnes of steel and aluminum imports from Canada and Brazil. They also apply to South Korea, Mexico and other countries. Trump told reporters that the move would simplify...

South Korea's trade minister Cheong Inkyo said Tuesday that the 25% tariffs being imposed by President Donald Trump on imports of steel and aluminum, which are due to take effect in March, will reduce U.S. demand for steel and erode profitability among steel exporters. The tariffs, he said, may provide opportunities for Korean exporters to find new markets. South Korea will "actively" consider whether there are any room for negotiation with the United States on tariffs, even though Trump increased tariffs on imports of steel and aluminum on Monday to flat 25% "without exemptions or exceptions". Cheong spoke at a...