Korea Joongang Daily
Korea JoongAng Daily

Trump announces new government body for tariff collection as allies brace for changes

Incoming U.S. President Donald Trump said Tuesday he will create a new government body tasked with collecting tariffs, as U.S. allies and partners are looking to navigate through Trump's plans to introduce new tariffs on foreign goods.

2025-01-15

‘It’ll be faster, stronger and more systematic’

There will be difficulties in Trump’s second term, but there will also be opportunities.

2024-12-08

Brace for the onslaught of Chinese EVs and Trump’s tariff (KOR)

Corporate players and the government must brace for tougher game play.

2024-12-04

Brace for the onslaught of Chinese EVs and Trump’s tariff

Corporate players and the government must brace for tougher game play.

2024-12-03

Korea extends tariff relief on energy and food to ease burden on households

Korea plans to extend its tariff rate quota on energy and food imports into part of next year to help ease the burden on households, the finance ministry said Monday.

2024-12-02

Prepared for a bumpy ride ahead?

The young seated at the driver’s seat in a slow-motion economy must brace for a bumpy ride ahead.

2024-12-01

Trump’s potential tariff hike could slash Hyundai and Kia profits by up to 19%, S&P reports

U.S. President-elect Donald Trump's return to the White House next year could cut earnings before interest, taxes, depreciation and amortization for Hyundai Motor and Kia by up to 19 percent, according to a report released Friday by S&P Global.

2024-11-30

U.S. official says 'tariffs' not the only issue dictating trade amid Trump policy worries

A senior U.S. diplomat said tariffs are "not the only issue" that will "make or break" trade, as concerns have lingered over President-elect Donald Trump's election-year proposal for sweeping tariffs on U.S. imports.

2024-11-22

Security and economic impact from Trump 2.0

If a U.S.- china tariff war breaks out, Korea will suffer critical damage.

2024-11-17

Korea's climb in U.S. trade deficit rankings for H1 sparks concerns of retaliation

The United States' trade deficit with Korea came to $34.08 billion in the first half of 2024, raising concerns that a win for former President Donald Trump might mean retaliatory policies.

2024-08-09