The US denied a media report that Washington is reviewing a proposal to withdraw some of its forces stationed in South Korea.The US remains firmly committed to the defense of South Korea, and “we look forward to working with the incoming government officials to maintain and strengthen our iron clad alliance,

U.S. President Donald Trump threatened Friday to roll out 25 percent tariffs by the end of next month on smartphones made by Apple, Samsung Electronics Co. and other companies if they are not manufactured in the United States.

As businesses globally fret about sky-high U.S. tariffs reviving rampant inflation, in Australia, the redirection of cheap Chinese goods is expected to provide relief for consumers and policymakers wo...