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South Korea’s industry minister said the U.S. reiterated that tariffs on Korean imports will not exceed the 15% cap agreed under last year’s tariff deal. The minister said he held a video call with U.S. Commerce Secretary Howard Lutnick to review imp

2026-06-04

South Korea’s industry minister said the U.S. reiterated that tariffs on Korean imports will not exceed the 15% cap agreed under last year’s tariff deal. The minister said he held a video call with U.S. Commerce Secretary Howard Lutnick to review implementation of the agreement amid ongoing U.S. Section 301 probes.

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2026-06-04

The State Council has published Regulations on outbound investment, MOFCOM said. Key measures: strengthen services by building a comprehensive overseas service system and improving institutional support to provide legal protection for Chinese firms p

The State Council has published Regulations on outbound investment, MOFCOM said. Key measures: strengthen services by building a comprehensive overseas service system and improving institutional support to provide legal protection for Chinese firms participating in international cooperation and competition; optimize management by improving the outbound investment management framework and reinforcing investor primary responsibility; and bolster protection via enhanced monitoring, early warning and risk assessment, guidance on security risk prevention, and creation of an investment-barrier investigation mechanism to protect investors’ safety and lawful rights. MOFCOM, as the supervisor department for outbound investment, will coordinate with other ministries and local governments on implementation and offer investor guidance to raise outbound investment service and management standards.
2026-06-04

U.S. job-data firm Challenger: service-sector layoffs in May totaled 6,268; YTD service layoffs 17,065, down 61% versus the same period in 2025 (44,273). Healthcare and medical-products manufacturing (including hospitals) have announced 30,414 YTD la

U.S. job-data firm Challenger: service-sector layoffs in May totaled 6,268; YTD service layoffs 17,065, down 61% versus the same period in 2025 (44,273). Healthcare and medical-products manufacturing (including hospitals) have announced 30,414 YTD layoffs, up 17% from 26,008 in the same 2025 period.
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