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Perth Now
14 minutes ago
- Perth Now
US will set 15pc tariff on S.Korean imports in new deal
the US will charge a 15 per cent tariff on imports from South Korea, down from a threatened 25 per cent, President Donald Trump says, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally. South Korea also agreed to invest $US350 billion ($A544 billion) in the United States in projects selected by Trump and to purchase energy products worth $US100 billion. The arrangement, announced after Trump met with Korean officials at the White House, came during a blizzard of trade policy announcements. Many countries are rushing to cut deals before August 1, when Trump has promised higher tariffs will kick in. "I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea," Trump wrote on Truth Social. The negotiations were an early test for South Korean President Lee Jae-myung, who took office in June after a snap election. He said the deal eliminated uncertainty and set US tariffs lower than or at the same level as major competitors. "We have crossed a big hurdle," Lee said in a Facebook post. Trump said Lee would visit the White House "within the next two weeks" for his first meeting with the US president. South Korea would accept American products, including autos and agricultural goods into its markets and impose no import duties on them, Trump said. South Korea's top officials said the country's rice and beef markets would not be opened further, and discussions over US demands on food regulations continued. South Korea is one of three Asia-Pacific countries that had a comprehensive free trade agreement with the United States, but that did not spare it from new tariffs. Pressure on negotiators increased after Japan clinched its deal earlier in July.
Canberra Times
23-07-2025
- Canberra Times
China to become top source of new cars in Australia, fuelled by emissions regs
There are parallels here beyond dramatic sales growth. Many of the first Korean and Japanese cars sold here were widely regarded as being flawed or ill-suited to our market, but manufacturers like Hyundai and Toyota were able to over time adapt to our market conditions and offer more suitable vehicles.
7NEWS
16-07-2025
- 7NEWS
2026 Kia Sorento: Tech updates coming to Australia
The 2026 Kia Sorento has been revealed in Korea, bringing a range of feature enhancements including smarter safety technology. Kia Australia has confirmed the updated large SUV is due to arrive here during the fourth quarter (October to December) of 2025. 'Any potential feature upgrades will be confirmed in due course,' a company spokesperson added. All Korean-market Sorento variants get Lane Following Assist 2 (LFA2) with steering wheel grip detection, which CarExpert understands will also be offered here. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. LFA2 is an upgraded version of Kia's lane-centring system, and now features a hands-on sensor to better detect if you're taking your hands off the wheel and letting the car drive you. Performance of the system is also claimed to have been improved. Other changes for the 2026 Sorento include a new four-spoke steering wheel design, as well as ambient lighting that has been expanded to the front door pockets. There are new 19-inch alloy wheels, while 'touch-type' exterior door handles also feature on some Korean-market Sorentos. So too does Kia Digital Key 2, which utilises near-field communication, Bluetooth and ultra-wideband technology to allow you to use your smartphone like a key fob to lock, unlock and start the vehicle without even taking it out of your pocket. You can also share digital keys with family and friends, with specific access levels. Kia Digital Key 2 has yet to appear on any Australian-market Kias, and sister brand Hyundai has only just introduced this technology with the new Ioniq 9 large electric SUV. Overall, the updates to the Sorento for 2026 are minor – but then the Toyota Kluger rival did receive a substantial mid-life update in 2024. This brought fresh styling inside and out plus a new 12.3-inch multimedia touchscreen running Kia's latest infotainment software, and while powertrains were carried over from the pre-update model, the plug-in hybrid (PHEV) was homologated to newer Euro 6e emissions standards. Kia Australia has indicated both PHEV and regular hybrid versions of the Sorento will be more widely available from later this year. The hybrid and PHEV powertrains are currently exclusive to the flagship GT-Line trim, and have long been supply-constrained. That explains why so far this year, the Sorento Hybrid is being outsold by almost five-to-one by the related Hyundai Santa Fe Hybrid. But the Santa Fe can't match the Sorento – at least not in Australia – in offering a PHEV powertrain. The Sorento is unique in the large mainstream SUV segment in offering petrol, diesel, hybrid and PHEV powertrains. Toyota Kluger (4611) and Mazda CX-80 (2065).
