US President Donald Trump has formally notified South Korea of plans to impose a 25% tariff on select imports, with implementation set for August 1. While a three-week window for negotiations remains, industry observers widely anticipate that talks will face significant headwinds.
The Trump administration has moved to expand its sweeping tariff policy on global automotive imports, introducing a new round of "reciprocal tariffs" that target specific auto components previously excluded from earlier duties. The new measures are separate from those already enacted this spring on complete vehicles and key parts.
Amazon's satellite internet venture, Project Kuiper, is accelerating its expansion into Asia, with a focus on South Korea, Taiwan, and Japan — three strategically vital nations amid rising demand for resilient communications infrastructure and growing competition in low-Earth orbit (LEO) connectivity.
Taiwanese aerospace manufacturer Aerospace Industrial Development Corporation (AIDC) announced on Monday that it secured new international contracts in the second quarter worth NT$2.5 billion (approx. US$85 million), with revenues expected to begin contributing as early as 2025. This follows a strong first quarter in which the company booked NT$8.5 billion in new orders and reported additional wins at the Paris Air Show. In total, AIDC's commercial aircraft and engine orders have surpassed NT$10 billion for the first half of the year.