Korea Economic Daily

China Attempts to Enhance Export Competitiveness by Allowing Yuan Weakness Also Promotes Stock Market Stimulus and Domestic Demand China has declared it will fight to the end against another 50% tariff threat from Trump, increasing the risk of a prol

As concerns about a global economic recession deepen due to U.S. President Donald Trump's tariff policy, there is speculation that the European Central Bank (ECB) will rush to cut its benchmark interest rate (policy rate). The Financial Times (FT) re

The European Union (EU) and China have decided to hold a summit in July. Ursula von der Leyen, President of the European Commission, stated in a phone call with Chinese Premier Li Qiang on the 8th (local time) that "the upcoming EU-China summit in Ju

Trump Hits China Again... "50% Additional Tariff" "Will Take Effect on the 9th if Retaliatory Tariffs Are Not Withdrawn" "Negotiations" with Other Countries... Two-Track Strategy U.S. President Donald Trump announced that if China does not withdraw i

More than three rate cuts this year Recession concerns outweigh inflation Wall Street "US will fall into negative growth" Some say "Fed should be cautious in intervening" Inflation exceeds target of 2% Possibility of stagflation 'Recession vs Inflati

Ministry of Commerce: "China's Retaliation Justified... Tariff Increase Threat is Blackmail" Chinese State Media Releases '6 Countermeasures' List The Chinese government strongly opposed U.S. President Donald Trump's warning of imposing an additional

Countries around the world are flooding the United States with requests for reciprocal tariff negotiations. Radical proposals such as 0% tariffs are also being made one after another. However, U.S. President Donald Trump keeps repeating that he will

'Tariff Delay' Fake News Spreads Briefly Dow Jones Index Soars Nearly 2600 Points White House Confirms "Fake News" Nasdaq Closes with Rebound on Hopes of Negotiation On the 7th (local time), it took less than 15 minutes for investors on New York's Wa

The won-dollar exchange rate rose (the value of the won fell) as signs of an intensifying tariff war between the United States and China emerged. Following the announcement of mutual tariffs by the United States and retaliatory tariffs by China, U.S.

Sujin Choi, Hankyung.com Reporter naive@hankyung.com

Response to Additional US Tariff Increases Chinese state media has revealed a list of 'six countermeasures' in response to the Trump administration's warning of a 50% additional tariff on China, including a significant increase in tariffs on US agric

3-4 trillion each for Trade·AI Competitiveness, Support for Ordinary People·Small Business Owners Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok announced on the 8th, "We will announce a supplementary budget plan of 10 trilli

U.S. President Donald Trump said on the 7th (local time) regarding the possibility of temporarily delaying the imposition of reciprocal tariffs, "We are not considering that." President Trump made this statement during a press conference held after m

Stock Market Volatility Due to Tariff 'Fake News' Incident Palantir Ends 5% Up After 10% Volatility Philadelphia Semiconductor Rebounds 2.7% After Fluctuations Amid the uncertainty of the Donald Trump administration's tariff policy, which led to a se

Plunge and Surge, Then Fall Again Fear Index (VIX) Surpasses 60 at One Point in the Morning Due to the shockwave of Trump's tariff impact, the U.S. stock market, which started with a plunge on the 7th (local time), rebounded to positive around 10 a.m

Lee Boba, Hankyung.com Guest Reporter newsinfo@hankyung.com

"U.S. Losing Trust and Causing Pain to American Consumers" "Criticism of Rutnick, Fund Company Profiting from U.S. Economic Downturn as Conflict of Interest" Billionaire investor Bill Ackman, who supported Trump during the election, criticized that "

"Inflation Impact Greater Than Expected, Increasing Likelihood of High Interest Rates" "US Stock Prices Still High Assuming Soft Landing" Jamie Dimon, CEO of JP Morgan, stated that "the tariffs announced by President Trump last week will significantl

KOSPI -5.5%, Hang Seng -12.4%, Nikkei -7.8% Taiwan's weighted index hit by 32% tariffs, largest drop in history On the 7th (local time), Asian stock markets, heavily concentrated with high tariffs, experienced the worst Black Monday since the global

'Black Monday' triggered by tariffs... Asian stock markets devastated KOSPI plunges by 5% 'sidecar'... Japan, China, Taiwan also plummet Trump's 'tariff spree' coupled with global recession fears Hang Seng -13%, Nikkei -7.8%... Worst since COVID-19 T

Soared to 1,471 won per dollar during the day Won-Yen surpasses 1,000 won per 100 yen The won-dollar exchange rate has risen the most in five years. As the U.S. announced reciprocal tariffs followed by China's retaliatory tariffs, concerns about a gl

Tariff-Induced 'Black Monday'... Investors Seek Safe Havens Over $4 Trillion Net Purchase of US Treasuries in Q1 Record High on a Quarterly Basis ETFs like RISE US 30-Year Treasury are Popular Yen Strengthens on BOJ Rate Hike Prospects US Treasury ET

Determination to Enforce Tariffs Rutnick Commerce "No Delay in Reciprocal Tariffs" Besant Treasury "Economy is Moving Forward" On the 6th (local time), U.S. President Donald Trump said, "Billions of dollars are coming into the U.S. through tariffs,"

Former Treasury Secretary Lawrence Summers Criticizes Reciprocal Tariffs in Media Interview Former U.S. Treasury Secretary Lawrence Summers strongly criticized President Donald Trump's reciprocal tariffs as the worst economic self-infliction in histo

Financial Leaders Gathered in One Place Kim Byung-hwan "Timely Support for Businesses" Financial authorities are set to implement a market stabilization program worth 100 trillion won in response to the US's reciprocal tariffs. They are also pushing

Emphasizing "Strong Resistance Capability" China, which has adopted a counter-response policy to the high tariffs imposed by U.S. President Donald Trump, is internally boosting 'confidence.' The People's Daily, the official newspaper of the Chinese C

Trump: "Trade deficit with China will continue" "Neither China nor the EU will exploit the US" U.S. President Donald Trump said "sometimes you have to take medicine" in response to the stock market plunge following the announcement of tariff policies

Exchange Rate per Dollar Rises by 33.7 Won Largest Increase Since COVID-19 Returns to Original Position Just One Day After Yoon's Dismissal The won-dollar exchange rate has risen to its highest level in five years (the value of the won has fallen). T