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.
The LA Art Show, LA's longest-running art fair, wrapped up a triumphant 30(th) anniversary edition, showcasing 90+ global galleries from countries including Ukraine, South Korea, Turkey and Canada. The team is pleased to reveal that the next fair is scheduled for January 7 to 11,
Asia-Pacific markets mostly in red on Tuesday, following a downbeat session on Wall Street after President Donald Trump announced that tariffs on Canada and Mexico "will go forward" once the
Shares retreated Friday in Europe and Asia, with benchmarks in Japan, Hong Kong and South Korea tumbling more than 2% as U.S. President Donald Trump’s decision to push ahead with 25% tariffs on imports from Mexico and Canada and to double tariffs on Chinese products to 20% left investors reeling.
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 ...
South Korea's factory output fell in January, while corporate investment also dropped, government data showed on Tuesday, in another sign of growing uncertainty over U.S. tariffs and their ripple effects across the global supply chain.
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.
Canada and Mexico are the leading exporters of steel to the US, but most of their products likely can be readily produced in the US, Bloomberg Intelligence analysis shows.
Gains among South Korean names were led by Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem and LIG Nex1