Korea Joongang Daily
Korea JoongAng Daily

Widening trade deficit, higher prices: Trump tariffs not quite working as expected, U.S. data suggests

Despite U.S. President Donald Trump’s pledge to impose high tariffs to reduce the United States’ chronic trade deficit, the data tell a different story.

2025-12-16

Korea Zinc to build $7.4B smelter in Tennessee in rare partnership with Washington

Korea Zinc will invest $7.4 billion to build a smelting facility in Clarksville, Tennessee, in a move under which the U.S. government itself will take the unusual step of investing directly in a foreign private company.

2025-12-15

Trade minister calls for expanded ties with Japan in supply chains, advanced industries

Trade Minister Yeo Han-koo urged enhanced cooperation with Japan in supply chains and advanced industries, highlighting the benefits of Japanese investment in Korea amid global trade uncertainty and shared challenges faced by both nations.

2025-12-11

'Financially defenseless': Trump warns ruling against tariff policy would damage U.S. economy

U.S. President Donald Trump warned that a Supreme Court ruling against his signature tariff policy could severely weaken the U.S. economy. Trump posted on Truth Social amid speculation that the Supreme Court’s decision is imminent.

2025-12-10

Federal Register publishes retroactive reduction of U.S. tariffs on Korean auto exports

A retroactive reduction of U.S. tariffs on Korean auto exports to 15 percent was published in the U.S. Federal Register on Wednesday as a pre-publication notice. The final publication is scheduled for Thursday.

2025-12-04

Costco becomes biggest company yet to demand refund of Trump tariffs

Costco is joining other companies that aren't waiting to see whether the Supreme Court strikes down U.S. President Donald Trump's most sweeping import taxes. They're going to court to demand refunds on the tariffs they've paid.

2025-12-03

Lutnick confirms retroactive application of lowered 15% tariff on Korean autos

U.S. Commerce Secretary Howard Lutnick said on Monday that Washington has lowered tariffs on Korean imports, including automobiles, to 15 percent from 25 percent, effective Nov. 1, under a bilateral trade and investment agreement.

2025-12-02

Vice trade minister expresses regret over Canada's stronger steel safeguard plan

Vice Trade Minister Park Jung-sung expressed regret Monday over Canada's recent announcement of stronger steel safeguard measures, calling for a swift withdrawal of the plan that he said may place an additional burden on Korea's steel industry.

2025-12-01

China's manufacturing dominance could grow with U.S. tariff war, posing risks to Korea: BOK

China's manufacturing sector could further strengthen its global dominance amid trade tension with the United States, potentially posing a risk to Korea and other manufacturing-focused countries, Korea's central bank said Friday.

2025-11-28

Consumer sentiment highest since 2017 as 'trust in price stability' strong: BOK

Consumer sentiment rebounded sharply in November, reaching its highest level in eight years, as easing uncertainty over Korea-U. S. tariff negotiations and stronger-than-expected economic growth boosted confidence.

2025-11-25