In latest trade shake-up, US president threatens East Asian leaders with further import tax hikes should they respond with their own tariffs

South Korea plans to intensify trade talks with the U.S. following President Trump's announcement of a 25% tariff starting August 1. The grace period extension is seen as an opportunity to improve systems,

President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia