Korea Economic Daily

U.S.-India trade negotiations, which had once seemed to be making smooth progress, have collapsed—raising the prospect that the U.S. tariff rate on Indian goods will soar to 50%, the highest in the world. On the 9th (local time), Politico diagnosed t

Gold futures prices fluctuated sharply on the 8th (local time). This was due to ongoing confusion over whether the Donald Trump administration would impose tariffs on 1kg gold bars. On this day, gold futures for near-month delivery on the New York Me

On the 8th (local time), all three major New York stock indexes closed higher. Following Apple’s announcement on the 6th of its massive $100 billion (approximately ₩140 trillion) investment plan in the U.S., the strong momentum lifted not only the Na

Greer, USTR Representative, Claims in NYT Op-Ed on the 7th Securing Legitimacy of Trump Tariffs with Reciprocal Tariff Implementation Jamieson Greer, the U.S. Trade Representative (USTR) overseeing American trade policy, on the 7th (local time), virt

U.S. President Donald Trump has nominated Steven Miran, Chairman of the White House National Economic Council, to the position of new board member of the Federal Reserve (Fed). He will succeed former board member Adriana Kugler, who resigned on the 1

A US official announced the beginning of a new trade system, stating that "President Donald Trump's tariff policy is building a fairer world trade system." Jamieson Greer of the Office of the United States Trade Representative (USTR) outlined in an o

Major indices in the New York stock market closed mixed. This was due to the release of economic indicators fueling worries over the economy, alongside issues suggesting expectations for further liquidity expansion. On the 7th (local time) at the New

If realized, only 82 days since President Lee's inauguration… Expected to discuss follow-ups on tariffs and security Issues such as USFK roles and increased defense budget Modernization of the alliance is the main agenda Korea-Vietnam Summit to be he

Increased by 7.2% Year-on-Year to $321.78 Billion Rare Earth Exports Down Compared to Previous Month China’s exports in July this year far exceeded market forecasts. According to the Chinese Customs Administration on the 7th, China’s exports in July

Japanese minister holds 90-minute meeting with US Secretary of Commerce "Reconfirming the contents of mutual tariff agreements" It is predicted that if the United States and Japan fail to resolve disagreements over the mutually agreed 15% tariff, som

Japan demands US 'at least 15% like the EU' If Japan also gets a 'flat 15%', it puts Korea at a disadvantage Unlike the Korea-US FTA, the US respects the USMCA With the US formalizing its reciprocal tariffs, debates are intensifying over the Korea-US

Apple has announced a large-scale investment plan in the U.S., aligning with the Trump administration’s emphasis on relocating supply chains to America. Until now, Apple has produced major products and components at production bases in China, India,

"Responding to enforcement and legislative discussions with the same principles and standards for domestic and foreign companies" The government has officially conveyed its position to the United States House of Representatives regarding their concer

Returns to the White House after 27 days NVIDIA mainly manufactures chips in Taiwan Tariff impact on semiconductors inevitable Jensen Huang, CEO of NVIDIA, the leading company in artificial intelligence (AI) chips, visited the White House after Presi

India, first target of 'secondary tariffs' on Russian oil importers Tariff rate of up to 50% imposed on India India, a major production hub for iPhones Tariff burden likely to be passed onto consumers↑ Donald Trump, the U.S. President who had announc

Office of the President responds to US '100% Tariff on Semiconductors', saying 'Republic of Korea Promised Most-Favored-Nation Treatment' Shin Yong-hyun, Hankyung.com Reporter yonghyun@hankyung.com

On the 6th (local time), President Donald Trump of the United States openly mentioned plans to hold a summit with President Vladimir Putin of Russia at an early date. At an event held at the White House where Apple Inc. announced its investment plans

All three major indices on the New York Stock Exchange climbed together. On news that Apple will make an additional $100 billion (about ₩139 trillion) investment in the United States, buying concentrated on tech stocks. On the 6th (local time), the D

◆ Kim Keon-hee Special Prosecutor to re-arrest Yoon for the second time today... Will not hesitate to use physical force The Min Jung-gi special prosecutorial team, investigating allegations related to Kim Keon-hee, will undertake a second execution

Japan's Reciprocal Tariff 15% Is Not 'Flat' but 'Additional' Japan: "We Will Demand Corrections from the U.S. Regarding Terms Different from the Agreement" Japan has gone on high alert amid the possibility that the United States' reciprocal tariffs o

Deadline for U.S. Second Sanctions Negotiations Approaches Russia Likely to Propose 'Aerial Ceasefire', Including Drone Attacks With the deadline for the second round of U.S. sanctions against Russia, as announced by President Donald Trump, fast appr

Reflecting Tariff Negotiation Settlement and Consumer Recovery Annual Average Growth Rate Revised Up to 1% "Recovery Trend Will Be Even Clearer Next Year" Bank of Korea Also Expected to Raise Forecast Soon Global investment banks (IBs) are successive

"Isn't the Bank of Korea simply an institution that adjusts interest rates or inflation? Isn't structural reform the responsibility of the government or the National Assembly?" On the 6th, the BOK raised this question at the beginning of a post about