Trump pressures for rate cut again ahead of FOMC... "Should be the lowest in the world"
U.S. President Donald Trump. [Photo = The White House] U.S. President Donald Trump once again pressured the Federal Reserve, the U.S. central bank, to lower interest rates on the 27th (local time
“Ignoring crisp ballots and damaged seals”… Tongyeong mayoral recount concludes with ‘no change in outcome,’ leaving suspicions and public outrage behind
Suspected counterfeit ballots discovered in Tongyeong [GIF from social media of Representative Hwang Kyo-ahn / Attorney Park Joo-hyun]During a recount of the Tongyeong mayoral election in South Gyeong
President Yoon, regarding the first-instance ruling on the Public Official Election Act: “An excessive political verdict that distorts the facts… We will appeal immediately.”
The first-instance sentencing hearing for President Yoon Suk Yeol regarding violations of the Public Official Election Act is being broadcast live at Seoul Station on the 27th. [Photo=Yonhap News]Pres
WSJ: "SK Hynix ADR Premium Is a Sign of AI Trading Overheat"
Advertisement for SK Hynix ADR listing in New York's Times Square [Reuters=Yonhap News file photo]The Wall Street Journal (WSJ) has pointed out that the price of SK Hynix’s American Depositary Recei
'Godfather of Japanese Mystery Novels' Keigo Higashino Passes Away After Battle with Cancer at 68
Famous Japanese mystery novelist Keigo Higashino [AFP=Yonhap News]It has been belatedly reported that Keigo Higashino, the "godfather of Japanese mystery novels" and author of bestsellers such as "The
[Park Pil-kyu Security Column] To the Ignorant Trying to Clothe a Beast in Sheep's Clothing
Rep. Kim Byung-joo of the Democratic Party of Korea [Photo=Yonhap News]“The Air Force Academy doesn't teach you how to fly a plane!” “The Army, Navy, and Air Force academies are exactly the
U.S. Trade Representative Greear. Yonhap News Agency
U.S. Trade Representative Jamieson Greear, who is in charge of trade negotiations for the United States, has declared this year the "year of the tariff" and assessed that the Trump administration's tariff policies are succeeding.
In an opinion piece for the Financial Times (FT) on the 22nd (local time), Representative Greear stated, "Regardless of one's economic ideology, 2025 will be remembered as the year of the tariff."
He remarked, "International trade is what it is, neither good nor bad. The important question is whether the form of trade serves national interests. For President Donald Trump and the Trump administration, that means trade policies that accelerate re-industrialization."
He explained that President Trump initiated trade negotiations using tariffs to reverse chronic trade deficits and hollowing out of manufacturing, and as a result, trade agreements were concluded with entities including the European Union (EU), Malaysia, Cambodia, Thailand, Vietnam, South Korea, and Japan.
He indicated that to assess the success of the administration's trade policies, he is looking at metrics such as overall economic growth increase, reduction in trade deficits, wage increases for American workers, and an increase in the manufacturing sector's proportion of the economy, evaluating, "The outlook is bright."
However, he acknowledged that the revival of manufacturing is not easy in the short term, stating, "It took decades to lose our industrial advantage, and rebuilding won't happen overnight."
Nevertheless, he cited examples of successful manufacturing revival, such as the order for liquefied natural gas (LNG) carriers at the Philadelphia shipyard, the construction of new pharmaceutical manufacturing facilities, and the restoration of automotive production lines.
He added, "If someone criticizes it as a difficult start, I will accept that. They should also consider the alternative. If tariffs disappeared, would this new production truly be happening?" he countered.
Yonhap News More by this author