Outspoken South Korea Leftist Survived Stabbing on Path to Power
Lying on a hospital bed in intensive care after an assailant stabbed him in the jugular in early 2024, Lee was battling for his life. For many politicians that might have been the right time to throw in the towel on a career of public service, but these are the moments of adversity that fire Lee up.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Trump announces deal with Vietnam, includes 20% import tariff rate
President Donald Trump said on Wednesday he has reached a trade deal with Vietnam, just ahead of the 90-day pause on 'reciprocal' tariffs ending for more than 90 countries that barter with the U.S. Goods from Vietnam to the U.S. will now face a 20% import tax, instead of the 46% duty rate Trump said he would impose on merchandise from the country during his 'Liberation Day' announcement on April 2. Trump also said goods from Vietnam to the U.S. could also be hit with tariffs as high as 40% if they originated in another country and were transferred to Vietnam for final shipment to the United States. 'It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam after speaking with To Lam, the Highly Respected General Secretary of the Communist Party of Vietnam,' Trump posted on Truth Social. 'It will be a Great Deal of Cooperation between our two Countries. The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping.' The Trump administration's broad 'reciprocal' tariff plan announced April 2 on about 90 U.S. trade partners included a baseline 10% duty rate on almost all goods, as well as 25% tariffs on certain imported vehicles and auto parts. Trump paused the reciprocal tariffs on imports from most countries for 90 days on April 9, but kept a 10% baseline import tax in place for almost all U.S. trading partners, including Vietnam. The general tariff rate against goods from Vietnam to the U.S. will now increase from 10% to 20% under the deal announced Wednesday. Tariffs are taxes on imports that are charged to businesses bringing products into a country. As part of the new deal, Vietnam will give the U.S. access to its markets with no tariff rate, Trump said. Vietnam is currently the seventh largest U.S. trading partner, totaling $149.6 billion in two-way commerce in 2024, according to the U.S. Trade Representative. Imports from Vietnam to the U.S. totaled $136.6 billion last year. The U.S. primarily imports goods like apparel, electrical machinery, and footwear from Vietnam. Top exports from the U.S. to Vietnam include raw cotton, integrated circuits, and telecommunications equipment. On Tuesday, Trump said that he is not considering extending the pause for countries that the U.S. has been unable to negotiate trade deals with. 'No, I'm not thinking about the pause,' Trump said Tuesday to reporters aboard Air Force One, according to Bloomberg. 'I'll be writing letters to a lot of countries.' The Trump administration has announced trade deals with the United Kingdom and China — though neither agreements have been finalized. The post Trump announces deal with Vietnam, includes 20% import tariff rate appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Trump's landmark trade deal with Vietnam has markets spiking
Trump's landmark trade deal with Vietnam has markets spiking originally appeared on TheStreet. On July 2, President Donald Trump finalized a new trade agreement with Vietnam, which he had personally negotiated with General Secretary Nguyen Xuan Phuc. The deal has a tariff of 20%, which will be assessed on all goods imported from Vietnam, and a 40% charge on any goods that might be considered transshipped goods. Crypto markets reacted with cautious optimism. Bitcoin was up 0.10% to $108,105, Ethereum was up 0.43%, and Solana was leading the majors with a 0.72% increase, with room to grow, considering the trade opening as a macro bullish signal for the overall crypto addition to this concession, Vietnam will provide full access to all U.S. products, including those with large engines, such as SUVs, with no tariffs whatsoever, said President Donald Trump on Truth Social. Trump's remarks on Truth Social whether it be on trade talks or his favorite "One Big Beautiful bill have shifted the pendulum of volatility in the crypto markets for the past week. Further, his announcement of an impending economic "renaissance" has captured the interest of various crypto traders, while scaring others worried about policies that will be elusive. Just weeks ago, Bitcoin briefly dipped to $106,000 during a social media spat, where the President and Elon Musk clashed over the bill. The online tussle has stressed investor confidence, as both have been responsible for driving market trade breakthrough, however, seems to have steadied the nerves of the crypto markets. Interestingly, on June 14, Vietnam enacted the Law on Digital Technology Industry, which officially recognizes and regulates crypto assets beginning January 1, 2026. The law defines cryptocurrencies as digital assets and, more specifically, categorizes them into two types: "virtual" assets and "crypto" assets. The law excludes securities and digital fiat. The law aims to encourage innovation while providing supervision. It is unclear whether Trump's new tariff deal will impact Vietnam's rollout of its crypto framework. Trump's landmark trade deal with Vietnam has markets spiking first appeared on TheStreet on Jul 2, 2025 This story was originally reported by TheStreet on Jul 2, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 hours ago
- Bloomberg
Trump's Tax Bill? Many Americans Haven't Heard of It
President Donald Trump's signature legislation for his second term has moved one step closer to becoming law. Many Democrats have been sounding alarms about how it reshapes the social safety net, among other major policy changes, but a lot of people have tuned them out, Joshua Green writes. Plus: Investors are pouring in to Korean stocks, and toxic landfills are smoldering. If this email was forwarded to you, click here to sign up .
