South Korea's acting President Choi Sang-mok on Wednesday ordered a review into the impact of U.S. tariffs on Canada, Mexico and China that came into force this week.
South Korean firms with businesses in Canada and Mexico revealed that they are bracing for U.S. President Donald Trump’s tariff threats.
South Korea's bilateral trade with Canada and Mexico was tallied at US$14.62 billion and $19.8 billion, respectively, in 2023, according to data from Seoul's foreign ministry. According to local corporate data firm Korea CXO Institute, 25 South Korean ...
The presentation came about 12 hours after President Trump pulled the trigger on a 25% tariff for products coming in from Canada and Mexico, plus 10% added to Chinese imports for a 20% total tariff. Current production for North America is about 63,900 vehicles a day, with 41,700 in the US, 17,600 in Mexico, and 4,600 in Canada.
While Trump's tariffs target the three countries to address trade imbalances, nations with the highest trade surpluses with the U.S. are also seen as at risk of further tariffs. In Asia, China, Vietnam, Japan, and Taiwan have the largest trade surpluses with the U.S., according to a recent U.S. Treasury report.
Gains among South Korean names were led by Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem and LIG Nex1
SEOUL, South Korea — A small group of foreign tourists has visited ... Koryo Tours General Manager Simon Cockerell said the travelers from the U.K., Canada, Greece, New Zealand, France, Germany, Austria, Australia and Italy crossed by land from China.
SEOUL, South Korea -- A small group of foreign tourists has visited North Korea in the past week, making them the first international travelers to enter the country in five years except for a group of Russian tourists who went to the North last year.