Seoul cautious about anti-US tariffs
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November 29, 2004 ã¡ Seoul said yesterday it would be cautious about levying retaliatory tariffs on US products, after the World Trade Organization on Friday gave Korea and six other economies the green light to enact such tariffs in response to a US
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SEOUL: South Korea cautioned Japan against imposing sanctions on North Korea saying the step could complicate efforts to end the impasse over the communist country&#39;s nuclear weapons drive.
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The two Koreas will try to mend relations at cabinet-level talks on Tuesday, but the North's refusal to act on a nuclear disarmament deal could lead Seoul to delay rice aid promised to its impoverished neighbor.
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Seoul shares retreated from a one-month  high early on Wednesday as recent outperformers such as Hyundai  Heavy fell on worries a four-day rally had been excessive given  persistent doubts about the economy and corporate profits.
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The United States has warned of heightened risk of terror attacks and violent action on American government facilities and personnel in South Korea following Seoul's dispatch of troops to Iraq.
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South Korea Monday shrugged off North  Korean criticism of the South's experiments with nuclear  materials as familiar posturing that would not rule out the  mercurial communist North's return to atomic arms talks.
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Tens of thousands of South Korean workers held rallies and staged strikes to oppose a free trade agreement with the United States and demand better working conditions. Chanting ÂDown, down F.T.A.,Â thousands of protesters held a peaceful rally near the city hall in central Seoul, while hundreds clashed with police in the southwestern city of Gwangju. No injuries were reported. The protest comes less than two weeks before South Korean and American negotiators meet for their fifth round of free trade talks in the United States to hammer out an accord that would sharply reduce tariffs and other trade barriers. Seoul and Washington started the negotiations in June and have made some headway, but they are unlikely to wrap up an agreement by the end of this year, as originally hoped.
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WASHINGTON, Sept. 26  Â A Senate vote this week on a bill threatening to impose steep tariffs on Chinese exports to the United States was put into doubt on Tuesday after the billÂs authors said they were unsure whether to press ahead with the vote.
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Sen. Hillary Rodham Clinton, the Democratic front-runner in the U.S. presidential race, said on Saturday she would oppose ratification of a free trade pact with South Korea because it would harm the U.S. auto industry, among other things.
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According to US Trade Representative Susan Schwab, the US is now considering taking action with the WTO over existing and proposed European tariffs on LCDs, set top boxes, and MFDs.
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South Korea and the United States closed a round of defense talks in Seoul on Friday aimed at scheduling a reduction of US troops on the Korean peninsula without agreeing on the timeline of the realignment.
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HONG KONG Brushing aside Chinese warnings of a possible challenge at the World Trade Organization, a senior US trade official said here on Friday that the United States would limit apparel imports if American manufacturers provided evidence that such
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South Korea first saw signs of an explosion in North Korea last week from a satellite that showed a &quot;peculiar cloud&quot;, but Seoul doubts Pyongyang would test a nuclear bomb so close to China.
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Seoul shares briefly hit a record on Monday but then headed lower as exporters fell after China raised interest rates and on worries that troubles in U.S. subprime mortgages would hurt the world's largest economy.
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South Korean and U.S. officials are discussing a possible visit by Secretary of State Colin Powell to Seoul next week, the Foreign Ministry said on Saturday, just two weeks ahead of the U.S. presidential election.
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Prizing stability above all, Seoul wants Washington to offer more incentives for North Korea's cooperation
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South Korea has shrugged off North Korean criticism of the South&#39;s experiments with nuclear materials as familiar posturing that would not rule out the mercurial communist North&#39;s return to atomic arms talks.