As its trade negotiators rushed to Washington to seek a reprieve from President Donald J. Trump’s blanket tariffs, South Korea on Wednesday announced new measures to soften the blow of levies on the country’s carmakers. The two efforts underlined the delicate balance that South Korea needs to strike after the country, one of the most … Read more
Market turmoil extended into Wednesday’s trading session in Asia, as stocks across the region faced renewed downward pressure amid the impending imposition of significantly higher taxes on imports to the United States. Benchmark indexes in Japan and Hong Kong opened down more than 3 percent on Wednesday morning, following a day on Wall Street when … Read more
The National Counterintelligence and Security Center warned on Tuesday that China’s intelligence services were using deceptive efforts to recruit current and former U.S. government employees. The center, along with the F.B.I. and the Pentagon’s counterintelligence service, said in an advisory that foreign intelligence agencies were posing as consulting firms, corporate think tanks and other organizations … Read more
U.S. commanders planning for a possible conflict with China are increasingly concerned that the Pentagon will soon need to move long-range precision weapons from stockpiles in the Asia-Pacific region to the Middle East, congressional officials say. That is because of the large amount of munitions that the United States is using in a bombing campaign … Read more
Trump pressed ahead with a trade war President Trump is facing blowback from trading partners, businesses and investors over sweeping tariffs, with a new wave set to snap into effect today. Those include another 50 percent duty on China. As a result, tariffs on Chinese goods imported to the U.S. will be at least 104 … Read more
The pilots of Jeju Air Flight 2216 signaled three different plans for landing the stricken plane in the minutes before it crashed and killed 179 people in December, according to a partial transcript of their communication with air traffic controllers obtained by The New York Times. The transcript shows that the pilots reported a bird … Read more
In the six hours between the departure of the night’s last train and the arrival of the morning’s first one, workers in rural Japan built an entirely new train station. It will replace a significantly bigger wooden structure that has served commuters in this remote community for over 75 years. The new station’s components were … Read more
China lashed out at the United States on Tuesday after President Trump demanded that Beijing rescind its retaliatory tariffs or face an additional 50 percent U.S. levy, calling his threat “blackmail,” as tensions between the two major powers rose. The Ministry of Commerce, without referring to the American president by name, said that Beijing had … Read more
After three days of global market turmoil not seen since the early days of the Covid-19 pandemic, stocks in Asia regained a measure of calm on Tuesday despite little let up in the escalating trade tensions caused by President Trump’s tariffs. Before markets opened in China, the government unleashed a series of measures to stabilize … Read more
South Korea said on Tuesday that it would hold a snap election on June 3 to choose the successor to former President Yoon Suk Yeol, who was removed last week for his attempt to impose martial law. The country’s Constitutional Court formally dismissed Mr. Yoon on Friday when its eight justices unanimously endorsed his impeachment … Read more