The authorities in South Korea were expecting tens of thousands of protesters to descend on central Seoul on Friday as the nation’s Constitutional Court decides the fate of President Yoon Suk Yeol. At least 14,000 police had been deployed to the area around the court, closing subway stations and locking down an area near a … Read more
U.S. stocks nose-dived after Trump’s tariffs rollout Wall Street tumbled to its worst day since the pandemic yesterday in response to President Trump’s major round of tariffs on U.S. imports, as countries reeling from the blow weighed countermeasures. Stocks in Asia and Europe also fell. Some European leaders vowed to retaliate after Trump slapped a … Read more
President Trump on Wednesday ordered the closure of a loophole that allows retailers to directly send clothes and other goods from China to American shoppers without paying tariffs. The loophole, known as the de minimis exemption, currently applies to goods worth less than $800. Such goods are allowed to enter the United States tariff free. … Read more
The global economic system that the United States has shaped and steered for more than three-quarters of a century was animated by a powerful guiding vision: that trade and finance would be based on cooperation and consent rather than coercion. That system, for all its faults, entrenched the United States as the world’s richest nation … Read more
Taiwan, the center of the global supply chain for computer chips, woke up on Thursday to the news that President Trump had put new 32 percent tariffs on the island’s exports to the United States. Except for semiconductors. The decision not to impose tariffs on the chip sector does not mean they won’t be coming … Read more
For years, countries like Vietnam, Cambodia and Thailand have worked to turn themselves into alternatives to China for factories making the bags, electronics, shoes and auto parts that eventually end up in the United States. That is now poised to change after President Trump on Wednesday aimed his most punishing tariffs at countries in Southeast … Read more
For years, Myanmar’s army chief, Senior General Min Aung Hlaing, has been treated like a pariah on the global stage. Gen. Min Aung Hlaing has made few overseas trips, other than to Russia and China, since he seized power in a coup in 2021. Long the subject of Western sanctions, he has been barred from … Read more
Laptop computers from Taiwan, wine from Italy, frozen shrimp from India, Nike sneakers from Vietnam and Irish butter. These products are found in homes across the United States, a testament to America’s enduring role as a champion of free trade and its standing as the most lucrative market for goods from around the world. They … Read more
After being smacked with double-digit percentage tariffs by a key ally, Japan finds itself with few retaliatory options. Since President Trump began threatening broad tariffs in January, Japan has pursued a conciliatory strategy, with Prime Minister Shigeru Ishiba pledging in February to boost U.S. investment to $1 trillion. Up until the day before Mr. Trump’s … Read more
