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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The main events by the morning: December 4


December, 04 2024
watermark Economic news

  • The President of South Korea declared martial law: cancellation and protests. South Korean President Yun Seok-yel declared martial law, accusing the Democratic Party of «pro-North Korean» actions. However, according to the opposition, his move is dictated by the fear of impeachment. In Seoul, opposition supporters clashed with the military at the Parliament building, but martial law was soon lifted by deputies.


  • The opposition is preparing to impeach the president of South Korea and accuses him of treason. The Toburo Democratic Party intends to bring charges of treason against President Yun Seok-yeon unless he resigns voluntarily. The Federation of Trade Unions is also demanding his resignation, calling the imposition of martial law a «serious act of rebellion.» The opposition warns that this could lead to an escalation of the conflict with the DPRK.


  • Trump has threatened to make Canada the 51st U.S. state. Donald Trump has said that the United States may impose 25% tariffs on Canadian goods if Canada does not solve the problem of drug trafficking and illegal immigration. Jokingly, he added that the United States could make Canada the 51st state if the situation did not change.


  • The US Congress has passed a law to protect Americans from sanctions disputes. The US Congress has approved a bill protecting citizens from lawsuits related to compliance with sanctions against the Russian Federation and other countries. The document stipulates that the American authorities are obliged to prevent situations when US citizens find themselves at a disadvantage due to the implementation of sanctions restrictions or export controls.


  • The trade war between the United States and China continues to gain momentum. China has banned the shipment of materials for the production of semiconductors to the United States. The following were banned: gallium, germanium, antimony and superhard metals. These materials are used to make chips, batteries and military equipment. The day before, the White House imposed new restrictions on the sale of high-quality memory chips manufactured by American and foreign companies to China.

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