‘We will not fight back’: South Korea’s acting president on US tariffs

‘We will not fight back’: South Korea’s acting president on US tariffs

South Korea will not retaliate against newly imposed US tariffs, Acting President Han Duck-soo said in an interview with the Financial Times. Talking about the country’s “historical debt” to the United States, Han made clear that Seoul is approaching upcoming trade talks with President Donald Trump administration in a spirit of cooperation rather than confrontation. … Read more

‘Fear to euphoria’: Asia stocks zoom after Trump pauses tariffs for most countries; Nikkei jumps 8.8%

‘Fear to euphoria’: Asia stocks zoom after Trump pauses tariffs for most countries; Nikkei jumps 8.8%

Asian markets soared Thursday after US President Donald Trump announced a 90-day pause on most of his newly imposed tariffs, setting off a global rebound that followed Wall Street’s dramatic surge overnight. Japan’s benchmark Nikkei 225 led the way, jumping 8.8 per cent to 34,510.86 in morning trading. Other regional indexes followed suit: the Topix … Read more