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South Korea's Leader Says Trade Deal with US Remains Unclear Ahead of Trump's Deadline
- On July 3, South Korean President Lee Jae-myung emphasized that his government is working diligently to finalize a trade agreement with the United States before the deadline for new tariffs set by President Trump next week.
- The trade talks occur amid growing challenges Lee inherited, including a political crisis from his predecessor’s failed martial law attempt and rising military cooperation between North Korea and Russia.
- South Korea's trade ministry announced that it is pursuing an extension as the 90-day suspension on the 25% U.S. country-specific tariff approaches its expiration on July 9, which would otherwise subject South Korean products to increased duties.
- On July 3, Trade Minister Yeo Han-koo highlighted the ongoing uncertainty surrounding U.S. tariff policies and affirmed the government's commitment to doing everything possible to reduce their impact, while acknowledging that the imposition of additional American duties remains a distinct possibility.
- The unresolved negotiations and looming tariff reimposition could have grave economic impacts requiring a comprehensive government effort, and Lee remains committed to pragmatic diplomacy balancing alliance and regional ties.
27 Articles
27 Articles
South Korea’s President Lee
Setback for Trump: South Korea calls trade talks ‘very difficult’, deal unlikely before July 9 deadline
Trade discussions have already been delayed for months due to political instability in South Korea following the impeachment of Lee’s conservative predecessor Yoon Suk Yeol
South Korea President Says Doing Utmost for Trade Deal with US
TEHRAN (Tasnim) - South Koreas President Lee Jae Myung said Thursday his administration was doing its utmost to secure a trade deal with the United States ahead of President Donald Trumps deadline next week for imposing fresh country specific levies.- Other Media news -Its certainly not easy, that much is clear. And to be honest, I cant say with confidence that well be able to wrap everything up by July 8,Lee
South Korea's leader says trade deal with US remains unclear ...
South Korea’s President Lee says U.S. tariff negotiations ‘not very easy’
South Korean President Lee Jae Myung said Thursday that the country is working hard to strike a trade deal with the United States on impending tariffs but expressed uncertainty about when talks would be concluded.
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