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tariffs

US Senate approves tough Russia sanctions bill targeting oil revenues
Global Affairs

US Senate approves tough Russia sanctions bill targeting oil revenues

The legislation, passed on Friday, targets Russian officials, wealthy business leaders, financial institutions and the so-called shadow fleet of vessels accused of helping Moscow bypass restrictions on its oil exports. The bill will now move to the House of Representatives, although lawmakers will not vote on it until at least early September because Congress is currently on its summer recess.

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Trump hikes tariffs on South Korean goods to 25 percent amid trade delays
Global Affairs

Trump hikes tariffs on South Korean goods to 25 percent amid trade delays

South Korea said it had not received official notification of the tariff change and expressed a desire to hold immediate talks with Washington. Industry Minister Kim Jung-kwan, currently in Canada, is expected to travel to the United States soon to meet Commerce Secretary Howard Lutnick to discuss the matter.

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