South Korea set to resume US tariff talks at APEC

South Korean Trade Minister Cheong In-kyo (seen on screens) delivers a speech during the opening ceremony of APEC 2025 Trade Ministers Meeting at the Jeju International Convention Center. (File/AFP)
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Updated 16 May 2025
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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

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.


Congress taking first votes on Iran war as debate rages about US goals

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Congress taking first votes on Iran war as debate rages about US goals

  • The US Senate is headed toward a vote on President Donald Trump’s decision to embark on a war against Iran
  • It’s an extraordinary test in Congress for a conflict that has rapidly spread across the Middle East with no clear US exit strategy
WASHINGTON: The US Senate is headed toward a vote Wednesday on President Donald Trump’s decision to embark on a war against Iran, an extraordinary test in Congress for a conflict that has rapidly spread across the Middle East with no clear US exit strategy.
The legislation, known as a war powers resolution, gives lawmakers an opportunity to demand congressional approval before any further attacks are carried out. The Senate resolution and a similar bill being voted on in the House later this week face unlikely paths through the Republican-controlled Congress and would almost certainly be vetoed by Trump even if they were to pass.
Nonetheless, the votes marked a weighty moment for lawmakers. Their decisions on the five-day-old war — which Trump entered without congressional approval — could determine the fates of US military members, countless other lives and the future of the region.
“Wars without clear objectives do not remain small. They get bigger, bloodier, longer and more expensive,” said Senate Democratic leader Chuck Schumer at a news conference Tuesday. “This is not a necessary war. It’s a war of choice.”
Trump administration scrambles for congressional support
After launching a surprise attack against Iran on Saturday, Trump has scrambled to win support for a conflict that Americans of all political persuasions were already wary of entering. Trump administration officials have been a frequent presence on Capitol Hill this week as they try to reassure lawmakers that they have the situation under control.
“We are not going to put American troops in harm’s way,” Secretary of State Marco Rubio told reporters in a raucous news conference at the Capitol Tuesday.
But six US military members were killed over the weekend in a drone strike in Kuwait.
Trump has also not ruled out deploying US ground troops. He has said he is hoping to end the bombing campaign within a few weeks, but his goals for the war have shifted from regime change to stopping Iran from developing nuclear capabilities to crippling its navy and missile programs.
“I think they are achieving great success with what they’ve done so far,” Senate Majority Leader John Thune said Tuesday, adding that what happens next in the country will be “largely up to the Iranian people.”
Almost all Republican senators were readying to vote Wednesday against the war powers resolution to halt military action, but a number still expressed hesitation at the idea of deploying troops on the ground in Iran.
“I don’t think the American people want to see troops on the ground,” said Sen. Bill Cassidy, R-Louisiana, as he exited a classified briefing Tuesday. He added that Trump administration officials “left open that possibility,” but it wasn’t an option they were emphasizing.
Lawmakers to go on record
The votes in Congress this week represented potentially consequential markers of just where lawmakers stand on the war as they look ahead to midterm elections and the consequences of the conflict.
“Nobody gets to hide and give the president an easy pass or an end-run around the Constitution,” said Sen. Tim Kaine, the Virginia Democrat leading the war powers resolution. “Everybody’s got to declare whether they’re for this war or against it.”
Republican leaders have successfully, though narrowly, defeated a series of war powers resolutions pertaining to several other conflicts that Trump has entered or threatened to enter. This one, however, is different.
Unlike Trump’s military campaigns against alleged drug boats or even Venezuelan leader Nicolás Maduro, the attack on Iran represents an open-ended conflict that is already ricocheting across the region. For Republicans who are used to operating in a political party dominated by Trump and his promises of keeping the US out of foreign entanglements, the moment represented a bit of whiplash.
“War is ugly, it always has been ugly, but we’re taking out a regime that has been trying to attack us for quite some time,” said Sen. Markwayne Mullin, an Oklahoma Republican.
Meanwhile, Sen. Lindsey Graham, a South Carolina Republican who has long pushed Trump to engage overseas, argued that the widening conflict represented an opportunity for Arab and European countries to join in the fight against Iran and the militant groups it supports.
“I don’t mind people being on record as to whether or not they think this is a good idea,” he told reporters, but also argued that too much power over the military was ceded to Congress in the War Powers Act, which mandates that presidents must withdraw troops from a conflict within 90 days if there is no congressional authorization.
House vote looms
On the other side of the Capitol, House leaders were also readying for an intense debate over the war followed by a vote Thursday.
“I do believe we have the votes to defeat it, I certainly hope we do,” House Speaker Mike Johnson said after an all-member briefing on Tuesday night.
Meanwhile, House Democratic leader Hakeem Jeffries said he expected a strong showing from Democrats in favor of the war powers resolution.
As lawmakers emerged from a closed-door briefing Tuesday night, Rep. Gregory Meeks, the top Democrat on the House Foreign Affairs Committee, implored the Trump administration to “come to Congress” and speak directly to the American people about the rationale for the war.
His voice filled with emotion as he said, “Our young men and women’s lives are on the line.”