With a snap election looming, South Korea's rival parties jockeyed for position with vows to focus on the economy and livelihood, but the leaderless country remains hamstrung when it comes to confronting the biggest threat: Trump and tariffs.

South Koreas acting President Han Duck-soo has ordered emergency support measures for industries affected by sweeping new U.S. tariffs, including a 25% tariff on Korean automobile exports. The move follows President

April 2, 2025: Trump's Tariff' Liberation Day": Trump announces sweeping tariffs on almost all countries at half the rate the administration claims they charge the U.S. Some Senate Republicans join Democrats in a vote to invalidate Trump's tariffs on Canada.

China, Japan, and South Korea agreed to a joint response to US tariffs after their first economic dialogue in five years. They plan to strengthen supply chains, cooperate on export controls, and pursue a free trade agreement.

TMTPOST -- China, Japan and South Korea officials overseeing economic and trade affairs reached a consensus that three countries should work in close collaboration in response to U.S. President Donald Trump’s sweeping reciprocal tariffs, according to Yuyuan Tantian, a social media account affiliated with China Central Television (CCTV).

TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Friday, April 4, 2025. Here are the highlights: South Korean Court Officially Impeaches President Yoon Suk Yeol; Rupiah Weakens to Rp16,772 per US Dollar: What's Driving the Decline?; From Tariffs to Tensions: 5 Countries Caught in U.S. Trade Wars.

U.S. trading partners reacted from a range of relief to anger after President Donald Trump imposed tariffs on trading partners.

Cambodia, Laos, and Myanmar were hit with tariffs of 49%, 48%, and 44% respectively.

Indian investors joined the sell-off on Friday, with the Nifty 50 and BSE Sensex indexes both falling more than 1%. India's stock markets had previously performed better than others thanks to lower tariffs than competitors like China, Indonesia and Vietnam.