The Korea Ocean Business Corporation says the US-China one-year tariff suspension and Korea-US tariff deal have eased short-term risks in the shipping market, with potential cost benefits for Korean shipping firms, though longer-term uncertainties remain.
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KOBC Says US-China Tariff Suspension and Korea-US Deal Ease Short-Term Shipping Market Risks
The Korea Ocean Business Corporation says the US-China one-year tariff suspension and Korea-US tariff deal have eased short-term risks in the shipping market, with potential cost benefits for Korean shipping firms, though longer-term uncertainties remain.
Yonhap InfomaxUS Treasury Secretary Scott Besant asserts that the United States holds the upper hand in global trade negotiations, citing recent deals with key Chinese trading partners and ongoing progress with China.
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Besant Says Momentum in Trade Talks Lies With US
US Treasury Secretary Scott Besant asserts that the United States holds the upper hand in global trade negotiations, citing recent deals with key Chinese trading partners and ongoing progress with China.
Yonhap InfomaxChina and the US agreed to pursue an extension of mutual tariff suspensions, but the final decision awaits President Trump's approval, with key trade measures and macroeconomic issues discussed at high-level talks in Stockholm.
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US, China Agree to Pursue Extension of Mutual Tariff Suspension—US Treasury Says 'Final Decision Rests with Trump'
China and the US agreed to pursue an extension of mutual tariff suspensions, but the final decision awaits President Trump's approval, with key trade measures and macroeconomic issues discussed at high-level talks in Stockholm.
Yonhap InfomaxSouth Korea's Deputy Prime Minister Gu Yoon-chul pledged to prioritize national interests in final US-Korea trade talks, proposing a $30 billion shipbuilding project and addressing sensitive import issues ahead of the mutual tariff suspension deadline.
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Gu Yoon-chul Vows to Prioritize National Interest in Finalizing US-Korea Trade Deal
South Korea's Deputy Prime Minister Gu Yoon-chul pledged to prioritize national interests in final US-Korea trade talks, proposing a $30 billion shipbuilding project and addressing sensitive import issues ahead of the mutual tariff suspension deadline.
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White House Says Trump to Sign Executive Order Extending Tariff Suspension Deadline to August 1
Markets await as the White House announces Trump will sign an executive order extending the tariff suspension deadline to August 1, signaling potential shifts in US trade policy.
Yonhap InfomaxSouth Korea’s won is expected to trade in a narrow range around 1,360 per dollar as markets await the US tariff decision, with dealers citing trade uncertainty and potential supply-side pressures as key factors influencing the exchange rate.
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[Today's Forex Dealer Expected Exchange Rate Range]Dollar-Won Expected to Trade in Narrow Range Around 1,360 Ahead of US Tariff Decision
South Korea’s won is expected to trade in a narrow range around 1,360 per dollar as markets await the US tariff decision, with dealers citing trade uncertainty and potential supply-side pressures as key factors influencing the exchange rate.
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[China Stock Market Closing]Mixed Close as Volatility Rises Ahead of US Tariff Suspension Deadline
Chinese stocks closed mixed as volatility increased ahead of the US tariff suspension deadline, with the Shanghai Composite rising 0.32% and the yuan weakening.
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Yeo Han-koo, Trade Minister, Departs for US to Hold Trade Talks with USTR
South Korea’s Trade Minister Yeo Han-koo is set to hold high-level talks with the USTR in Washington, with possible extension of mutual tariff suspension under review.
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Trump Says Extension of Reciprocal Tariff Suspension 'Not Under Consideration'
Markets watch closely as Trump rules out extending reciprocal tariff suspension, signaling potential shifts in global trade policy.
Yonhap InfomaxThe dollar-won exchange rate climbed toward 1,360 won after President Trump ruled out extending the mutual tariff suspension, fueling risk-off sentiment and capping gains as exporters sold dollars near the key level; KOSPI rose 0.57% while foreign investors were net sellers.
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[Seoul Foreign Exchange Market]Won Rises Toward 1,360 Mark After Trump Rules Out Tariff Extension—Up 1.90 Won
The dollar-won exchange rate climbed toward 1,360 won after President Trump ruled out extending the mutual tariff suspension, fueling risk-off sentiment and capping gains as exporters sold dollars near the key level; KOSPI rose 0.57% while foreign investors were net sellers.
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