US President Donald Trump announced that the US will impose a 15% tariff on South Korean imports under a new deal. The tariff negotiations are underway amid concerns over the recent arrest of hundreds of Korean workers at a Hyundai Motor battery plant in Georgia, one of South Korea's biggest US investment projects. Trump expressed his desire for foreign companies to send their professionals to train Americans in making complex products such as chips and ships.
President Donald Trump stated that foreign workers sent to the US are "welcome" and he doesn't want to "frighten off" investors, 10 days after hundreds of South Koreans were arrested at a work site in Georgia. The arrest of 475 people, mostly South Korean nationals, was conducted by Immigration and Customs Enforcement (ICE) officials who alleged the workers had overstayed their visas or held permits that didn't allow them to perform manual labor. The raid, the largest single-site operation since Trump launched a sweeping immigration crackdown, caused widespread alarm in South Korea.
US President Donald Trump's tariffs on India have had a significant impact, particularly on small exporters and jobs in Prime Minister Narendra Modi's home state of Gujarat. The tariffs cover goods such as garments, gems and jewellery, footwear, sporting goods, furniture and chemicals. However, steel, aluminium, passenger vehicles, copper and other products already covered by separate US tariffs are exempt. The average tariff on US imports in India is 7.5%, whereas the US has imposed tariffs as high as 100% on autos and 39% on farm goods. This disruption could push India to reform and open its economy further, reducing its protectionist stance.
US President Donald Trump will sign an agreement with Britain to speed up the process of building nuclear power stations, reducing licensing time from 3-4 years to 2 years. The partnership deal with X-Energy will see Centrica build a resilient, affordable, low-carbon energy system in Hartlepool, creating thousands of local jobs and drawing on lessons from the Palisades project in Michigan. The agreement is part of a series of economic deals Prime Minister Keir Starmer's administration plans to announce during Trump's visit, aiming to minimize diplomatic and political difficulties.
US President Donald Trump urged NATO allies to stop buying Russian oil, suggesting tariffs of up to 100% on Chinese goods until the Ukraine war ends. He also called for 50-100% tariffs on China to be withdrawn after the war is ended. Data shows Turkey, a NATO member, is the third-largest buyer of Russian oil after China and India. Trump has already imposed a 25% tariff on Indian goods due to New Delhi's continued purchase of Russian oil, but has not announced a similar move against China.
The barriers to Turkish seafood exports to Canada have been lifted, according to a joint project between the Trade Ministry and the Agriculture and Forestry Ministry. This decision aims to systematically tackle market access barriers and strengthen the government's capacity to resolve export challenges. Canada was identified as a priority market for seafood, and Turkish authorities plan to continue efforts in other target markets, including the Philippines and China.
Turkey's leadership emphasizes to the US that Israel's actions, including crimes against humanity and expansionist policies, have a significant impact on global security. The Turkish leadership discusses this issue with the Americans at every opportunity, highlighting the need for Washington to reassess its positions in the Middle East.
The UK is planning to impose tariffs on Chinese companies bidding for war-torn Ukraine's reconstruction efforts. The move comes as British Prime Minister Sir Keir Starmer prepares to visit the US, where he will meet with President Joe Biden. The UK and US have signed a deal to speed up the licensing process for nuclear power stations, potentially halving the time it takes to secure a license. This agreement could support Ukraine's efforts to rebuild its energy infrastructure, which has been severely damaged due to the ongoing conflict.
The UK government has secured £400 million in deals with Google Cloud, Nvidia, OpenAI, and Anthropic. This comes as the US-UK tech pact is expected to sidestep online regulation issues, a topic of pressure from the White House. Keir Starmer faces domestic pressure from Nigel Farage, who compared Britain's free speech laws to North Korea. Starmer has defended the Online Safety Act, while Trump has attacked the Digital Services Tax and competition regulations. The US is concerned about regulatory pieces in Europe, including the Digital Services Tax, EU's Digital Markets Act, and CSDD.