Trump, Xi call a truce in trade war, pause tariff hikes and rare earth restrictions

U.S. President Donald Trump and Chinese President Xi Jinping agreed to pause their respective tariff hikes and rare earth export controls during a summit on Thursday, signaling a truce in the trade war that has dragged on for nine months.

2025-10-30

FX volatility still a concern over $350B U.S. investment despite safeguard measures

The market welcomed the Korea-U.S. agreement capping Seoul’s annual cash investment at $20 billion, a move that removes uncertainty over the foreign exchange market by finalizing the details of the $350 billion trade pact.

2025-10-30

Korea, U.S. still apart on trade deal specifics as bilateral summit nears

A senior official from the Trump administration said Friday that they hope Korea will accept U.S. demands in order to reach a swift conclusion to ongoing trade negotiations between the two countries.

2025-10-25

Industry minister to visit U.S. this week for follow-up negotiations on tariff deal

Industry Minister Kim Jung-kwan will visit Washington this week to hold follow-up negotiations with the Donald Trump administration on a framework tariff agreement reached earlier.

2025-10-15

Gov't trying to get U.S. to understand Korea, Japan are different

In its ongoing trade negotiations with the United States, the Korean government is continuously emphasizing that Korea and Japan are different, Seoul's top trade negotiator said Wednesday.

2025-10-01

Trump says Harvard deal is close, university will pay $500 million

U.S. President Donald Trump said on Tuesday that his administration was close to a deal with Harvard University that would include a $500 million payment by the Ivy League institution after months of negotiations over school policies.

2025-10-01

Britain, U.S. to sign multibillion-dollar tech deal during Trump's visit

Britain and the United States are preparing to sign a landmark technology agreement in the coming days as part of U.S. President Donald Trump’s visit to Britain,

2025-09-14

Industry minister returns home from follow-up talks with U.S. over trade deal

Industry Minister Kim Jung-kwan returned home Sunday after a trip to the United States, where he held follow-up talks with U.S. Commerce Secretary Howard Lutnick on the bilateral trade agreement reached in July.

2025-09-14

Gov't to soon announce follow-up measures to U.S. tariff deal: Finance chief

Finance Minister Koo Yun-cheol on Tuesday reaffirmed the government's commitment to a "prompt response" to global trade uncertainties, saying it will soon unveil follow-up measures related to a recent trade agreement with the United States.

2025-09-02

Air Canada reaches deal with flight attendant union to end strike, operations to gradually restart

Air Canada said Tuesday it will gradually restart operations after reaching an agreement with the union for 10,000 flight attendants to end a strike.

2025-08-19

korea joongAng daily