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US not likely to hike tariffs if special investment bill passed in parliament: industry minister
BusinessKorea Herald1mo ago

US not likely to hike tariffs if special investment bill passed in parliament: industry minister

Industry Minister Kim Jung-kwan said Sunday he has been told the United States is not likely to hike tariffs on South Korea if the National Assembly passes a special bill on Seoul's $350 billion investment pledge to the US Kim made the remarks at Incheon International Airport, west of Seoul, after visiting the US to meet with Commerce Secretary Howard Lutnick and others to discuss tariff issues and other bilateral trade matters between Seoul and Washington. "At a meeting with Lutnick, I explaine

Japan wants US to stick to trade deal as new global tariffs kick in
BusinessSCMPsvenska-dagbladet24ur+1naftemporiki1mo ago4 sources

Japan wants US to stick to trade deal as new global tariffs kick in

Japanese trade minister Ryosei Akazawa warned against any tariff moves that could leave the country worse off than under a Japan-US trade deal agreed to last year, during a phone call with US Commerce Secretary Howard Lutnick as a new round of US tariffs is set to take effect. Akazawa and Lutnick agreed that Japan and the US would work closely to ensure the swift and smooth implementation of projects that are part of a US$550 billion investment mechanism, during a phone call on Monday evening...