South Korea, tariffs
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Trump, tariffs
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South Korea's central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial stability risks stemming from rising household debt and economic pressure from U.
President Donald Trump announced on Monday that he is levying tariffs against South Korea and Japan beginning in August. Trump
In letters so far to 14 countries, including smaller exporters to the United States such as Serbia, Thailand and Tunisia, Trump hinted at opportunities for additional negotiations, even while warning that reprisals would draw a like-for-like response.
President Donald Trump revealed new higher tariff rates for five more countries after hitting Japan and South Korea first earlier in the day.
The president has already threatened an additional 10% tariff on goods from countries aligning themselves with a bloc of nations that includes China and Russia.