JEJU: South Korea is set to resume tariff talks with Washington on the sidelines of a key APEC meeting Friday, an official told AFP, as ministers jostle to meet US Trade Representative Jamieson Greer.
Trade ministers from the top economies that make up APEC are meeting on South Korea’s Jeju Island amid concerns over the global trading system after US President Donald Trump unveiled bombshell levies on most partners last month.
AFP reporters saw ministers scurrying to meet Greer, who has been holding a series of bilateral negotiations.
Among them was Chinese international trade representative Li Chenggang, just days after the two met in Geneva and agreed to slash tit-for-tat tariffs for 90 days.
Greer is also scheduled to meet South Korean Minister of Trade and Industry Ahn Duk-geun on Friday, a South Korean government official told AFP, with Seoul hoping for significant progress in talks to avoid Trump’s steep tariffs.
The two met in late April in Washington, where South Korea proposed a “July Package” aimed at removing tariffs.
South Korea, which recorded a $66 billion trade surplus with the United States last year, behind only Vietnam, Taiwan, and Japan, making it a key target of Trump’s trade bazooka.
Highly dependent on exports, the country has been hit hard by the 25 percent tariffs on automobiles imposed by President Donald Trump in early April.
The auto industry accounts for 27 percent of South Korea’s exports to the United States, which takes in nearly half of the country’s car exports.
Trump announced additional “reciprocal” tariffs of up to 25 percent on South Korean exports last month, but later suspended them until early July.
Seoul aims to leverage the talks with commitments to purchase more US liquefied natural gas (LNG) and offer support in shipbuilding, a sector in which South Korea is a leader, after China.
Earlier Friday, Greer met Chung Ki-sun, the vice chairman of HD Hyundai, which owns South Korea’s country’s largest shipbuilding company.
HD Hyundai said in a statement the gathering marked the first time a US trade representative had met an of South Korea’s shipbuilding industry, adding that discussions covered cooperation with US shipmaker Huntington Ingalls Industries.
Greer is also set to meet the CEO of South Korean shipbuilder Hanwha Ocean, which provides maintenance, repair and overhaul services for US Navy vessels.
Shares of Hanwha Ocean rose nearly three percent on Friday morning, while HD Hyundai Heavy Industries gained as much as 3.6 percent.
South Korea set to resume US tariff talks at APEC
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South Korea set to resume US tariff talks at APEC
- The auto industry accounts for 27 percent of South Korea’s exports to the United States
- Trump announced additional “reciprocal” tariffs of up to 25 percent on South Korean exports last month
Asia rings in 2026 with Australia hosting defiant celebration after mass shooting
- Australia holds defiant celebrations after its worst mass shooting in nearly 30 years
- Hong Kong holds a subdued event after a deadly fire in tower blocks
MELBOURNE, Australia: Auckland was the first major city to ring in 2026 with a fireworks display launched from New Zealand’s tallest structure, Sky Tower, followed by a defiant celebration in Australia in the aftermath of its worst mass shooting.
South Pacific countries were the first to bid farewell to 2025. Clocks stuck midnight in Auckland 18 hours before the famous ball drop in New York’s Times Square. The five-minute display involved 3,500 fireworks.
Defiant celebration in Australia after worst mass shooting
Australia’s east coast welcomed 2026 two hours after New Zealand. In Sydney, the country’s largest city, celebrations were held under the pall of Australia’s worst mass shooting in almost 30 years. Two gunmen targeted a Hannukah celebration at Bondi Beach on Dec. 14, killing 15 and wounding 40.
A heavy police presence monitored the thousands who thronged to the waterfront to watch a fireworks show centered on the Sydney Harbor Bridge. Many officers openly carried rapid-fire rifles, a first for the annual event.
An hour before midnight, the massacre victims were commemorated with a minute of silence while images of a menorah were projected on the bridge pylons. The crowd was invited to show solidarity with Australia’s Jewish community.
New South Wales Premier Chris Minns urged Sydney residents not to stay away through fear, saying extremists would interpret smaller crowds at New Year’s Eve festivities as a victory.
“We have to show defiance in the face of this terrible crime and say that we’re not going to be cowered by this kind of terrorism,” he said.
Indonesia and Hong Kong hold subdued events
In Indonesia, one of Australia’s nearest neighbors, cities scaled back festivities as a gesture of solidarity with communities devastated by floods and landslides that struck parts of Sumatra island a month ago, claiming more than 1,100 lives.
The capital, Jakarta, was not ringing in 2026 with its usual fanfare, choosing subdued celebrations with a program centered on prayers for victims, city Gov. Pramono Anung said last week.
Makassar Mayor Munafri Arifuddin urged residents of one of Indonesia’s largest cities to forgo parties, calling for prayer and reflection. “Empathy and restraint are more meaningful than fireworks and crowds,” he said.
Concerts and fireworks on Indonesia’s tourist island of Bali were canceled and replaced with a cultural arts event featuring traditional dances.
Hong Kong, too, was ringing in 2026 without the usual spectacle in the sky over iconic Victoria Harbor, after a massive fire in November killed at least 161 people.
The facades of eight landmarks were turning into giant countdown clocks presenting a three-minute light show at midnight.
Many parts of Asia welcome the new year by observing age-old traditions.
In Japan, crowds were gathering at a Buddhist temple in Tokyo for a bell striking at midnight. In the South Korean capital, Seoul, a bell tolling and countdown ceremony were being held at the Bosingak Pavilion.
Berliners celebrate in snowfall
Tourists and Berliners alike marked the end of 2025 by enjoying snowfall, taking selfies and making snowmen in front of the German capital’s cathedral and the iconic Brandenburg Gate. The Berlin TV Tower was nearly invisible thanks to the falling flakes and fog.
Quieter celebrations in Greece and Cyprus
Greece and Cyprus were ringing in 2026 by turning down the volume, replacing traditional fireworks with low-noise pyrotechnics, light shows and drone displays in capital cities. Low-noise fireworks avoid the explosive bursts that generate the loud cracks of traditional displays.
Officials in the countries said the change is intended to make celebrations more welcoming for children and pets, particularly animals sensitive to loud noise.
Additional security in New York City
Police in New York City will have additional anti-terrorism measures at the Times Square ball drop, with “mobile screening teams” in search of suspicious activity. It is not in response to a specific threat, according to NYPD Commissioner Jessica Tisch.
After the ball drops in Times Square, it will rise once again, sparking in red, white and blue, to mark the country’s upcoming 250th birthday celebration. It will be one of several patriotic flourishes throughout the night, organizers said.
Zohran Mamdani will take office as mayor at the start of 2026. Two swearing-in ceremonies are planned, starting with a private ceremonial event around midnight in an old subway station.
