U.S. President Donald Trump will make a stop in Seoul in late June during his trip to Asia for the G20 Summit in Osaka as concerns simmer that nuclear talks with North Korea are on the brink of breaking down.
The White House also confirmed President Trump's trip to Seoul and said the leaders will "continue their close coordination on efforts to achieve the final, fully verified denuclearization" of North Korea.
A spokesperson for South Korea's presidential office added that a detailed schedule -- for what will be their 8th summit -- is still in the works, an indication that it's still unclear whether Trump will visit Seoul before or after the G20 summit in Japan, a meeting that's scheduled for two days from June 28th.
Amid failed trade negotiations between Washington and Beijing, President Trump signed an executive order Wednesday local time, barring U.S. companies from using foreign-made telecoms equipment that could pose a threat to national security.
The order is aimed at protecting America from what it calls "foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities in information and telecommunications technology infrastructure and services in the United States."
Shortly after it was issued, the Commerce Department added Huawei to its so-called "Entity List" of 70 affiliates, meaning the Chinese tech giant would require U.S. government approval in order to purchase American technology.
The Trump administration has been reviewing tariffs of up to 25-percent on imported vehicles, like those from South Korea, citing job losses and negative effects on the domestic auto industry.
President Trump was supposed to make a decision on this issue by May 18th.
And South Korean carmakers are breathing a sigh of relief, after Bloomberg reported that the U.S. not only plans to postpone the decision but also exempt South Korea from any future tariffs.
Bloomberg cited a draft executive order and said South Korea, Canada and Mexico are exempt from the new levies.
While South Korea's exports continue to fall, its auto production and exports increased last month.
The Ministry of Trade, Industry and Energy says auto output went up 5 percent on-month in April to around 3-hundred-72 thousand units, thanks to a rise in the number of working days from 21 to 22 over the cited period and new model production including Hyundai Motor's Palisade.
On-year, auto exports increased 3 percent thanks to solid sales in North America and Europe.
Sales of domestic cars went up, but overall sales of cars here in the country dropped by 3-point-6 percent on-year in April due to a fall in imported car sales.
Despite the recent U.S. seizure of the North Korea cargo ship 'Wise Honest', Pyeongyang could still be attempting to export its coal which is an act banned by international sanctions.
Analyzing satellite images, Voice of America reported that two large cargo ships were observed at North Korea's Nampo Port on Sunday, but they were gone by Tuesday.
The report added that at least 7 cargo ships have been coming in and out of Nampo Port between April 16th and May 14th.
Source: Arirang News
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