Latest News
Trump raises US tariffs on South Korea imports to 25%
US President Donald Trump has announced he is raising tariffs on South Korean imports to 25% after accusing Seoul of “not living up” to a trade deal reached last year.
In a post on social media, Trump said he would increase levies on South Korea from 15% across a range of products including automobiles, lumber, pharmaceuticals and “all other Reciprocal TARIFFS”.
Trump said South Korean lawmakers have been slow to approve the deal while “we have acted swiftly to reduce our TARIFFS in line with the Transaction agreed to”.
South Korea says it had not been given official notice of the decision to raise tariffs on some of its goods, and wanted urgent talks with Washington over the issue.
It added that South Korea’s Industry Minister Kim Jung-kwan, who is currently in Canada, will visit Washington as soon as possible to meet US Commerce Secretary Howard Lutnick.
Shares in some South Korean exporters fell on Tuesday morning, with car maker Hyundai down about 2.5%. Stocks related to pharmaceuticals and timber were also lower.
Seoul and Washington reached a deal last October, which included a pledge from South Korea to invest $350bn (£256bn) in the US, some of which would go to shipbuilding.
The following month, the two countries agreed that the US would reduce tariffs on some products once South Korea started the process to approve the deal.
The agreement was submitted to South Korea’s National Assembly on 26 November and is currently being reviewed. It is likely to be passed in February, according to local media.
Tariffs are paid by companies who import products. In this case, US firms will pay a 25% tax on goods they buy from South Korea.
Trump has frequently used tariffs as leverage to enact foreign policy during his second term in the White House.
On Saturday, he threatened Canada with a 100% tariff if it struck a trade deal with China.
On Monday, Chinese officials said its “strategic partnership” agreement with Canada is not meant to undercut other countries.
Canadian Prime Minister Mark Carney has said his country was not pursuing a free trade deal with China and has “never” considered it.
He added that Canadian officials have made their position clear to their American counterparts.
Before that, Trump said he would impose import taxes on eight countries – including the UK – who opposed US plans to seize Greenland, an autonomous territory in the Kingdom of Denmark which is a member of Nato.
He later backed down from the tariff threat over Greenland citing progress towards a “future deal” over the island, but the episode strained US relations with Denmark and other Nato allies.
[BBC]
Latest News
Mexico’s Pacific coast braces for Hurricane Polo
People living on the northern Pacific coast of Mexico are bracing for the arrival of Hurricane Polo, which is forecast to make landfall later on Monday or early on Tuesday.
The category three storm, with maximum sustained winds near 115 mph (185 km/h), is expected to move over the state of Baja California Sur, a region popular with tourists and home to the resort destination of Los Cabos.
Meteorologists at the US-based National Hurricane Center (NHC) have warned of heavy rainfall which could lead to life-threatening flooding and mudslides, especially in areas of steep terrain.
Residents on Sunday stocked up on essentials such as drinking water and food as the storm approached.
The NHC warned of the storm surge Hurricane Polo could unleash, which it said could be accompanied by large and destructive waves.
In Cabo San Lucas, famous for its natural rock arch, the authorities restricted access to the beaches. Some restaurants also closed in the town, which acts as a base for sport fishers and whale watchers.

The regional government of Baja California Sur has ordered schools to remain closed on Monday as a preventive measure.
Governor Víctor Manuel Castro Cosío said temporary shelters had been opened should residents need to be evacuated.
The federal authorities have also deployed thousands of members of the navy and the army along with specialised machinery.
Polo has been slowly moving towards Mexico’s coast line.
Meteorologists said it was being fuelled by extremely warm waters caused by the El Niño climate phenomenon.
(BBC)
Foreign News
‘Still a lockdown’: Deadly floods hit Nepal tourism as peak season begins
Like every year, Pushpraj Rimal, a tour planner and taxi driver in Nepal’s capital, Kathmandu, was looking forward to September for his business to boom.
But what he got instead was a series of cancellations by tourists after catastrophic floods last month killed more than 1,450 people and destroyed key highways, deeply impacting the Himalayan nation heavily dependent on tourism.
“It is still a lockdown kind of situation,” the 42-year-old told Al Jazeera nearly a month after the disaster.
Pushpraj, who speaks Nepali and Hindi, works on commission for several hotels and trekking companies in Kathmandu and the scenic town of Pokhara, known for its lake nestled in the Annapurna mountain range. Pokhara also serves as a base for Himalayan trekkers.
Nepal’s tourist season peaks after the monsoon ends in August and the skies are clearer. Tourism attracts thousands of international travellers, accounting for nearly 8 percent of Nepal’s gross domestic product and employs more than 1 million people.
Last year, Nepal saw more than 1.15 million tourists visiting the country, nearly a third of them during the September-November season.
But the floods this year, triggered by a glacial mountain collapse along the Nepal-Tibet border in the north, have pushed tourists away from the unaffected areas as well.
“I had rented two cars for two months, but I have done one fourth of the business I usually do in a season. Tourists generally start pouring in from September, but most of them have cancelled this year,” he said.
“I will get no commissions from the hotels or trek organisers, nor has the taxi business worked well. … I am now waiting for the season to end.”
Rimal has two children, Hema, 14, and Rahul, 12, whom he had promised a tablet this Dussain, a prominent Hindu festival that usually falls in October. “But it seems impossible now. I will have to break their hearts and my promise to them for the very first time.”
(Aljazeera)
Latest News
Tharanga wins highly anticipated Asian Games gold
World javelin leader Rumesh Tharanga lived up to his reputation to win Sri Lanka a highly anticipated gold medal, beating wet weather and track conditions at the Asia Games in Nagoya Japan a little while ago.
He took the lead with a massive 88.33 metres effort in his penultimate throw before sealing the contest with 88.55 metres throw.
He beat a strong field inclusive of reigning Olympic champion Arshad Nadeem of Pakistan. (Reemus Fernando)
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