China suspends tariffs on US goods for 90 days, commerce ministry says
China will maintain its tariffs on US goods at 10 per cent, the statement said, and take action to address non-tariff barriers facing American products. REUTERS
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Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: South Korean President Lee Jae Myung delivers a speech during a press conference to mark his first 30 days in office at Yeongbingwan of Blue House on July 3, 2025 in Seoul, South Korea. Kim Min-Hee/Pool via REUTERS/File Photo SEOUL - South Korean President Lee Jae Myung will visit Japan between August 23-24 and hold a summit with Prime Minister Shigeru Ishiba, Lee's office said at a briefing on Wednesday. The leaders will discuss ways to improve regional peace and boost trilateral cooperation with Washington, Kang Yoo-jung, Lee's spokesperson, told reporters. Kang did not specify the date of the summit during Lee's two-day visit. Lee has in the past been critical of efforts by administrations in Seoul to improve ties with Tokyo, though when he met Ishiba for their first summit on the sidelines of a G7 meeting in Canada in June they vowed to deepen the relationship. Ties between the U.S. allies have often been strained, rooted in historical disputes stemming from Japan's colonial rule over the Korean peninsula from 1910-1945. Their second summit meeting will also take place as the Asian economic powerhouses grapple with the implications of U.S. tariffs imposed by the administration of U.S. President Donald Trump. Lee's trip to Japan comes just ahead of his visit to the U.S., where he is scheduled to hold a summit with Trump on August 25. REUTERS
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Thailand's central bank cuts key rate by 25 bps, as expected
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DBS sees rising demand for yuan settlements from Chinese exporters
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