Korean and Japanese automakers are restructuring production to avoid U.S. tariffs, with Japan reimporting U.S.-built cars and Korea expanding local output.
The U.S. has reinstated South Korea on its currency watchlist, citing a large trade surplus and current account imbalance under renewed trade scrutiny.
South Korean President Lee Jae-myung and U.S. President Donald Trump agreed to accelerate tariff negotiations and reaffirmed their alliance during their first phone call.
The newly announced reciprocal tariffs are expected to slightly reduce GDP and raise inflation by 0.2 percentage points over the next year, without signaling a recession or stagflation.
The Trump administration's U.S. import tariffs on goods from Canada, Mexico, and China are pushing up grocery prices for Korean consumers. Since the 4th,...
