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South Korea's chief trade negotiator Yeo Han-koo has been dismissed from his position as Seoul grapples with escalating US tariff threats and stalled trade negotiations. The timing raises questions about Seoul's negotiating strategy.
The Philippines has submitted new legislation to the United States Trade Representative in hopes of reducing a 12.5 per cent tariff on exports, arguing the country has robust laws against forced labour and strong enforcement mechanisms.
Indonesia is actively negotiating with the US Trade Representative to reduce a newly imposed 10% tariff on its goods, arguing it meets labour standards and lacks excess manufacturing capacity.
Singapore now faces a 12.5 per cent tariff on significant export volumes following a US investigation into forced labour practices. The measure affects roughly one-third of the island nation's domestic exports to America.
South Korea's Industry Minister Kim Jung-kwan is travelling to Washington this week for talks with senior US officials, seeking to shore up bilateral trade relations ahead of an anticipated US decision on tariffs under Section 301 of the Trade Act.