logo
Trump Jr. to visit S. Korea next week as trade war rumbles on

Trump Jr. to visit S. Korea next week as trade war rumbles on

Al Etihad23-04-2025

23 Apr 2025 16:53
Seoul (AFP)US President Donald Trump's son will visit South Korea next week, a local conglomerate said on Wednesday, as Seoul grapples with US tariffs and its own leadership vacuum.Donald Trump Jr. "will be visiting South Korea next week", a spokesperson for South Korean conglomerate and retail giant Shinsegae told AFP, without disclosing the exact date.South Korea, a US ally and major exporter to the US, has been hit with 10 percent blanket tariffs, as well as 25 percent levies on its auto and steel exports to America.Export-dependent South Korea has suffered a leadership vacuum since December, when former president Yoon Suk Yeol briefly declared martial law. The disastrous declaration resulted in Yoon's removal.The US initially threatened South Korea with "reciprocal" tariffs of 25 percent until Trump paused his programme of levies for all countries except China for 90 days.Two South Korean cabinet ministers are due to hold trade talks in Washington on Thursday, with Foreign Minister Cho Tae-yul saying Seoul has "no intention to hastily wrap up" the talks.South Korea's Yonhap news agency said Trump Jr.'s visit was at the invitation of Shinsegae Chairman Chung Yong-jin and that he planned to meet key business leaders during his trip to Asia's fourth-biggest economy.Seoul announced emergency support measures for its auto industry this month, aiming to cushion the impact of US tariffs on the vital sector.The US president has also suggested that sharing the cost of around 28,500 US troops stationed in South Korea to defend it against the nuclear-armed North should be part negotiations with Seoul.South Korean officials have said such discussions are off the table, although Cho said on Wednesday Seoul was open to hearing President Trump's views if he raised the subject.Trump Jr., 47, invited Chung to his father's Mar-a-Lago resort in Florida last December, when the Shinsegae chairman, whose grandfather founded the Samsung group, met with the then president-elect, according to Yonhap.South Korea is set to hold a snap presidential election on June 3.
Yonhap said South Korean business leaders had reportedly lobbied Chung to help facilitate Trump Jr.'s visit in order to establish a line of communication with the Trump administration.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

France opens 'complicity in genocide' probes over blocked Gaza aid
France opens 'complicity in genocide' probes over blocked Gaza aid

Gulf Today

time7 hours ago

  • Gulf Today

France opens 'complicity in genocide' probes over blocked Gaza aid

French anti-terror prosecutors have opened probes into "complicity in genocide" and "incitement to genocide" after French-Israelis allegedly blocked aid intended for war-torn Gaza last year, they said on Friday. The two investigations, opened after legal complaints, were also to look into possible "complicity in crimes against humanity" between January and May 2024, the anti-terror prosecutor's office (PNAT) said. They are the first known probes in France to be looking into alleged violations of international law in Gaza, several sources with knowledge of the cases told AFP. In a separate case made public on the same day, the grandmother of two children with French nationality who were killed in an Israeli strike in Gaza has filed a legal complaint in Paris, accusing Israel of "genocide" and "murder," her lawyer said. The French judiciary has jurisdiction when French citizens are involved in such cases. Rights groups, lawyers and some Israeli historians have described the Gaza war as "genocide." A demonstrator holds a placard reading 'Stop links EU Israel now' during a gathering against a shipment of Eurolinks military equipment parts set to go to Israel, in Marseille. AFP In the first, the Jewish French Union for Peace (UFJP) and a French-Palestinian victim filed a complaint in November targeting alleged French members of hardline pro-Israel groups "Israel is forever" and "Tzav-9." It accused them of "physically" preventing the passage of trucks at border checkpoints controlled by the Israeli army. Lawyers for the plaintiffs, Damia Taharraoui and Marion Lafouge, told AFP they were happy a probe had been launched into the events in January 2024 — "a time when no-one wanted to hear anything about genocide." A source close to the case said prosecutors last month urged the investigation in relation to events at the Nitzana crossing point between Egypt and Israel, and the Kerem Shalom crossing from Israel into Gaza. A pedestrian walks past placards on the ground reading 'France profits off genocides to sell weapons' during a gathering against a shipment of military equipment parts set to be sent to Israel, in Marseille. AFP Around that time, hardline Israeli protesters — including friends and relatives of hostages held in Gaza — blocked aid lorries from entering the occupied Palestinian territory and forced them to turn back at Kerem Shalom. A second complaint from a group called the Lawyers for Justice in the Middle East (CAPJO) accused members of "Israel is forever" of having blocked aid trucks. It used photos, videos and public statements to back up its complaint. 'Genocide' complaint No court has so far concluded that the ongoing conflict is a genocide. But in rulings in January, March and May 2024, the International Court of Justice (ICJ), the United Nations' highest judicial organ, told Israel to do everything possible to "prevent" acts of genocide during its military operations in Gaza, including through allowing in urgently needed aid. In the separate case, Jacqueline Rivault, the grandmother of six- and nine-year-old children killed in an Israeli strike, filed her complaint accusing Israel of "genocide" and "murder" with the crimes against humanity section of the Court of Paris, lawyer Arie Alimi said. Though formally against unnamed parties, the complaint explicitly targets Prime Minister Benjamin Netanyahu, the Israeli government and the military. The complaint states that an Israeli missile strike killed Janna, six, and Abderrahim Abudaher, nine, in northern Gaza on October 24, 2023. "We believe these children are dead as part of a deliberate organised policy targeting the whole of Gaza's population with a possible genocidal intent," Alimi said. The children's brother Omar, now five, was severely wounded but still lives in Gaza with their mother, identified as Yasmine Z., the complaint said. Agence France-Presse

Outrage over Trump's electric vehicle policies is misplaced
Outrage over Trump's electric vehicle policies is misplaced

Gulf Today

time7 hours ago

  • Gulf Today

Outrage over Trump's electric vehicle policies is misplaced

Ashley Nunes, Tribune News Service Electric car subsidies are heading for the chopping block. A tax bill recently passed by House Republicans is set to stop billions in taxpayer cash from being spent on electric vehicle purchases. If embraced by the Senate and signed into law by President Donald Trump, the bill would gut long-standing government handouts for going electric. The move comes on the heels of another climate policy embraced by Republicans. Earlier this year, Trump announced plans to roll back burdensome rules that effectively force American consumers to buy electric, rather than gas-fueled, cars. The Environmental Protection Agency has called that move the 'biggest deregulatory action in US history.' Not everyone sees it that way. Jason Rylander, legal director at the Center for Biological Diversity's Climate Law Institute, assailed Trump's efforts, noting that his 'administration's ignorance is trumped only by its malice toward the planet.' Other similarly aligned groups have voiced similar sentiments arguing that ending these rules would 'cost consumers more, because clean energy and cleaner cars are cheaper than sticking with the fossil fuels status quo.' Backtracking on EV purchasing mandates seems to have hit Trump haters particularly hard. That mandate — established by President Joe Biden — would have pushed US automakers to sell more EVs. Millions more. Electric cars currently account for 8% of new auto sales. Biden ordered— by presidential fiat — that figure to climb to 35% by 2032. If you believe the hype, the result would be an electric nirvana, one defined by cleaner air and rampant job creation. I'm not convinced. For one thing, cleaner air courtesy of electrification requires that EVs replace gas-powered autos. They're not. In fact, study after study suggests that the purchase of EVs adds to the number of cars in a household. And two-thirds of households with an EV have another non-EV that is driven more — hardly a recipe for climate success given that EVs must be driven (a lot) to deliver climate benefits. Fewer miles driven in an EV also challenges the economic efficiency of the billions Washington spends annually to subsidise their purchase. Claims of job creation thanks to EVs are even more questionable. These claims are predicated around notions of aggressive consumer demand that drives increased EV manufacturing. This in turn creates jobs. A recent Princeton University study noted, 'Announced manufacturing capacity additions and expansions would nearly double US capacity to produce electric vehicles by 2030 and are well sized to meet expected demand for made-in-USA vehicles.' Jobs would be created if there were demand for EVs. Except that's not what's happening. Rather, consumer interest in EVs has effectively cratered. In 2024, 1.3 million EVs were sold in the United States, up from 1.2 million in 2023. This paltry increase is even more worrying given drastic price cuts seen in the EV market in 2024. Tesla knocked thousands of dollars off its best-selling Model 3 and Model Y. Ford followed suit by cutting prices on its Mach-e. So did Volkswagen and Hyundai. Despite deep discounts, consumer interest in electrification remains — to put it mildly — tepid at best. So, when people equate electrification with robust job creation, I'm left wondering what they are going on about. Even if jobs were created, EV advocates are coy about how many of those jobs would benefit existing autoworkers. Would all these workers — currently spread across large swaths of the Midwest — be guaranteed jobs on an EV assembly line? If not, how many workers should expect to receive pink slips? For those who do, will they be able to find new jobs that pay as much as their old ones? Touting job creation for political expediency is one thing. Fully recognising its impact on hardworking American families today, another. Some Americans may decry Trump's actions on climate, but they have only themselves to blame. Many of the pro-climate policies enacted, particularly during the Biden era, deliver little in the way of climate benefits (or any benefit for that matter) while making a mockery of the real economic concerns businesses and consumers have about climate action. No more. In justifying climate rollbacks, the president says many of his predecessor's policies have hurt rather than helped the American people. He's right and should be commended for doing something about it.

Trump-Musk fight creates unprecedented elite power struggle in the US
Trump-Musk fight creates unprecedented elite power struggle in the US

Middle East Eye

time7 hours ago

  • Middle East Eye

Trump-Musk fight creates unprecedented elite power struggle in the US

It is hard to find a historic or contemporary precedent for the battle raging between Donald Trump, the president of the United States, and Elon Musk, the world's richest man. There may be a couple of examples that come close, but nothing that quite captures the current moment. For instance, in 2017, Saudi Arabia's Crown Prince Mohammed bin Salman rounded up his profligate cousins and businessmen at the Riyadh Ritz-Carlton for a royal shakedown. They got into line quickly. And almost two decades before, Russian President Vladimir Putin managed to bend the oligarchs who got rich off post-Soviet capitalism to his will. On its surface, the Trump-Musk feud seems to be over policy. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters The Tesla chief and former head of DOGE attacked Trump's tax bill this week as a 'disgusting abomination'. Musk was channelling the concerns of deficit hawks in the US, who worry the bill will add trillions to the US debt pile at a time when the dollar has weakened and demand for more US debt is looking stretched. Trump, who has positioned the bill as a do-or-die piece of legislation, said on Thursday during a meeting in the Oval Office with German Chancellor Friedrich Merz, that 'I'd rather have Elon criticise me than the bill,' adding later, 'Elon and I had a great relationship. I don't know if we will anymore.' Then it got nasty. Within hours, Musk was on X calling for Trump's impeachment, to be replaced by Vice President JD Vance. The vice president himself was catapulted to power in part by Peter Thiel, a billionaire tech entrepreneur who mentored and groomed Vance's career in politics. He threatened to form a new political party and stop ferrying Nasa astronauts into space. He said Trump would have lost the US presidential election without his endorsement. And for good measure, insinuated that Trump was linked to convicted sex trafficker Jeffrey Epstein. Trump fired back. He suggested Musk was attacking the bill, not out of patriotic fervour, but because he had snatched away perks for electric vehicles from which Tesla benefits. 'Elon was wearing thin,' Trump said. 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!' Trump said in another post on Thursday night, threatening to leverage the power of the presidency against Musk's business empire, which includes Tesla and SpaceX. Tesla shares dropped about 14 percent on Thursday amid the spat. According to Bloomberg's billionaires index, Musk's net worth plunged $34bn that day. Tesla was trading up around five percent on Friday. Silicon Valley vs 'America First' nationalists The Trump-Musk feud is a decidedly American affair - partly performative, very populist, and made for social media. And on that note, Musk has been posting on X, the social media platform he bought before the US election, and Trump has been posting on Truth Social - owned by Trump Media & Technology Group - that was purposely built as a right-leaning competitor to X before Musk bought it. Of course, the US is no stranger to elite power struggles capturing the public's attention, particularly during its rambunctious, early years as a republic. Aaron Burr, a former vice president, famously killed Alexander Hamilton, the one-time treasury secretary, in a dual in 1804. A century later, Teddy Roosevelt rode a populist 'trust busting' wave that pitted him against the gilded elite, making men like JD Rockefeller his foe. But the Trump-Musk feud has key differences. JD Vance's mentor co-founded company that helps Israel generate 'kill lists' of Palestinians in Gaza Read More » The two men had forged an unprecedented alliance that, to a point, symbolised a broader one between Silicon Valley tech entrepreneurs and crypto bros on one side, and working-class "America First" nationalists on the other. While some media reports say that allies of the two men are urging both to reconcile, the standard bearers of "America First" nationalism appear to be egging Trump on and savouring Musk's fall from grace. Steve Bannon, a former Trump advisor whose podcast WarRoom advocates for "America First" positions, called on Trump to seize Musk's company SpaceX and examine the billionaire's immigration status. Musk was born in South Africa. Bannon himself was critical of Trump's tax bill, but he was one of the few supporters who called for tax hikes on the wealthy. 'You're going to have a few of the tech bros and the crypto crowd stick with Elon because you have the cult of Elon. But MAGA will 100% back Trump. You aren't going to have a person in MAGA who will buy a Tesla,' Bannon said. But Musk donated over $250m to Trump's 2024 campaign and has made clear he has no qualms about deploying his cash against those who turn on him within the Republican Party. On Thursday night, Musk wrote, 'some food for thought as they ponder this question: Trump has 3.5 years left as President, but I will be around for 40+ years…' Do Musk and Trump have options? Trump has a history of engaging in brutal public spats, only to mend fences later. US Secretary of State Marco Rubio and Vance both lambasted Trump during his 2016 run for the White House. But the key difference here is that neither of these men had the deep pockets of the world's richest man to endure a battle with the president. To an extent, Musk is a country unto himself. His technology, like Starlink, is hovering over battlefields in Ukraine, while his company ferries Nasa astronauts into space. The knowledge he has gained of Trump's family and the inner workings of the White House would make him a valuable catch for any foreign leader, including US allies. More broadly speaking, the feud is likely to reaffirm a perception among American friends and foes that something within the US system is cracking. In less than one day, the president of the US threatened on social media to use the power of his office against a comrade-turned-foe, while the world's richest man called for his impeachment. Elon Musk: How a tech nerd became Trump's 'first buddy' Read More » Many observers said the bonhomie between Trump and his former 'first buddy' was bound to implode eventually, given both men's power and outsized egos. Musk also felt his investment in Trump's campaign wasn't paying off, reports suggest. In May, The Wall Street Journal reported that Musk tried to block OpenAI from building one of the world's largest artificial intelligence data centres in Abu Dhabi. Trump and his aides rejected Musk's bid to cancel the deal in favour of his AI company. On Wednesday, Jared Isaacman, a tech billionaire friend of Musk, suggested Trump pulled his nomination to run Nasa because of his ties to Musk. Things could get ugly if the feud refuses to die down, and the president has several institutions that could be weaponised against Musk and his businesses. Trump has not been shy about using state leverage to settle old scores since his return to power. However, Musk has pockets deep enough to make mid-term elections an uphill battle for Trump and his loyalists. If the gloves come off, the world will have a front row seat to an unprecedented battle between the world's most powerful politician and the world's richest man, as it all plays out in real time on social media.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store