The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
The anger is palpable on a narrow road that cuts through a South Korean village where about 170 people live between green hills dotted with cottages and melon fields. It's an unlikely trouble spot in the world's last Cold War standoff.
Aging farmers in this corner of Seongju county, more than 200 kilometers (125 miles) south of the capital Seoul, spend the day sitting by the asphalt in tents or on plastic stools, watching vehicles coming and going from a former golf course where military workers are setting up an advanced U.S. missile-defense system.
"Just suddenly one day, Seongju has become the frontline," said a tearful Park Soo-gyu, a 54 year-old strawberry farmer. "Wars today aren't just fought with guns. Missiles will be flying and where would they aim first? Right here, where the THAAD radar is."
THAAD is shorthand for Terminal High Altitude Defense, which the South Korean and U.S. governments say is critical to cope with a growing missile threat from North Korea. When completed, the battery will consist of six truck-mounted launchers that can fire up to 48 interceptors at incoming missiles detected by the system's x-band radar.
Anger has boiled over in Seosongri village since last week when U.S. and South Korean military workers used the early-morning hours to rush key parts of THAAD into place. The system had been scheduled to enter operation by the end of the year, but South Korea's Defense Ministry said Tuesday that it is already capable of defending against North Korean missiles. The ministry didn't say when the deployment would be completed.
Hundreds of banners hang on trees and fences along a kilometer (half-mile) stretch of the road up to where police have cut off access. They say "Withdraw the illegal THAAD immediately" and "Stop US militarism," slogans that would feel familiar in a leftist rally but are unusual in the country's traditionally conservative southeast.
"Yankee, go home!" a man yelled as he banged his fist on a car apparently carrying American soldiers, before dozens of police officers peeled him and other protesters away from the vehicle.
The local anger highlights what has arguably become the most explosive issue ahead of a presidential election next week. The May 9 vote will likely end a decadelong conservative rule that maintained a hard line against North Korea and agreed to the THAAD installation.
Front-runner Moon Jae-in, who calls for engagement with the North, has said the deployment of THAAD should be reconsidered. Some media have questioned whether the United States and a caretaker government that took over for ousted former President Park Geun-hye are rushing to complete THAAD before the election.
Earlier polls had showed overwhelming public support for THAAD following North Korean nuclear tests and a long-range rocket launch last year. But public opinion has become more divided amid the corruption scandal that led to Park's downfall and criticism that the government was pushing ahead without seeking the consent of Seongju residents.
Opposition was further inflamed after President Donald Trump said he would make South Korea pay $1 billion for THAAD.
Seongju residents say comments by Trump show the United States may be preparing for a pre-emptive strike against North Korea. They worry that if the North retaliates, THAAD would make their county a main target.
There's also frustration about an increasingly heavy police and military presence in an area where outsiders had been mostly limited to small groups of weekend golfers. Residents are also concerned about the rumored harmful effects the electromagnetic waves from THAAD's radar might have on them and their crops. Seoul's Defense Ministry calls such worries groundless.
"We have been living very peacefully as farmers, but our daily lives have been shattered after the arrival of this weapon; we can't rest comfortably for a day and can't work without worrying," said Kim Yoon--seong, a 60-year-old melon farmer. He says many younger residents with children are considering leaving Seongju.
Residents say at least 13 people were treated at hospitals for injuries including broken bones and teeth after a violent clash last week between dozens of villagers and supporters and some 8,000 police officers who were mobilized to remove them from the road.
Three days later, more than a hundred police officers ended an hourslong standoff by swarming a handful of people who had been blocking a mountain path with a tractor to prevent construction equipment from entering the THAAD site. Police detained a man and drove away the tractor as villagers showered them with insults, including "dogs" and "Americans' slaves."
"We won't allow any U.S. military and construction vehicles to pass through the two roads," said Rev. Kang Hyun-wook, a minister of Won Buddhism, an indigenous form of the religion. The grounds include a site Won Buddhists consider as sacred and are no longer allowed to visit. "If they fly in (the THAAD parts) with helicopters, then fine, it's their money to spend and we can't do anything about that."
Several people were hurt in another clash on Sunday as police tried to remove protesters blocking two U.S. military oil trucks from entering the THAAD site. Residents said the trucks turned away because cars protesters had parked to block the road couldn't be towed.
Moon, the presidential front-runner, says THAAD's security benefits would be offset by deteriorating relations with China, which sees THAAD's powerful radar as a threat to its own defense. South Korea's largest trade partner, China has taken several recent actions such as limiting tour group visits to South Korea that are seen as retaliation.
Other major presidential candidates have supported THAAD, but their stances grew complicated after Trump said he would make South Korea pay for it. Ahn Cheol-soo, the No. 2 candidate in polls, says he would seek parliamentary ratification over the THAAD deployment if the United States demands such payment.
The Trump administration has backed off the demand, but not before it frayed nerves.
"How can he smack an ally in the back of the head when he very well knows the difficulties South Korea is going through over the THAAD deployment," the Maeil Business newspaper said in an editorial Saturday. "The reason South Korea decided to deploy THAAD despite strong opposition from China is because it considered the importance of the U.S.-South Korea alliance in addition to realistic needs to defend North Korean missile attacks ... What does Trump think the U.S.-South Korea alliance is about, anyway?"