South Korea's exports fell in May for the first time in four months, as shipments to the United States and China dropped on global trade conflict triggered by U.S. President Donald Trump's sweeping tariffs.

Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.

China accused Hegseth of vilifying the country with defamatory accusations and criticized him for promoting a Cold War mentality.

The trade court noted that Trump retains more limited power to impose tariffs to address trade deficits under another statute, the Trade Act of 1974. But that law restricts tariffs to 15% and only for 150 days with countries with which the United States runs big trade deficits.

In a post on Truth Social Thursday night, Trump railed against the U.S. Court of International Trade’s ruling the previous day, which found that the president had exceeded his legal authority by imposing sweeping tariffs on dozens of countries, based on vague claims of “national emergencies.”

Two Republican-appointed judges and a Democrat-appointee on a little-known court issued the first ruling blocking President Donald Trump’s tariffs using

The dollar was mixed on Friday but on track for the first monthly gain against the Japanese yen this year as investors factored in the likelihood of trade tariffs remaining in some form, even as U.S.

Southeast Asian leaders are holding their first ever summit with China and the six-member Gulf Cooperation Council (GCC), as they seek to insulate their trade-dependent economies from the effect of steep tariffs from the United States.

The move to India is angering both Beijing, which wants the iPhone maker to maintain its manufacturing in China, and President Trump, who has continued to pressure Apple to move all of its