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South Korea's Lee, Trump Agree to Work Towards Swift Tariff Deal, Lee's Office Says
- South Korean President Lee Jae-myung and U.S. President Donald Trump held a 20-minute phone call on Friday to discuss strengthening their alliance and trade issues shortly after Lee's June 3 election and June 7 inauguration.
- The call followed escalating trade tensions, including Trump's April 2 announcement of a 49% tariff threat on South Korean goods, which was later paused for 90 days amid stalled 'July package' talks disrupted by leadership changes in Seoul.
- During the discussion, the presidents exchanged stories about their campaign struggles and assassination attempts, agreed to encourage working-level trade negotiations, and Trump invited Lee to the upcoming G7 summit in Canada from June 15-17.
- Lee stated that trade negotiations remain the most pressing issue and that both leaders aim for a mutually satisfactory tariff agreement to support South Korea's export-driven sectors like chips, autos, and shipbuilding.
- The dialogue highlights ongoing efforts to resolve trade disputes and reinforce the U.S.-South Korea alliance amid Lee's conciliatory stance toward China and continued regional security complexities.
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Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries
President Donald Trump agreed to quickly work toward a deal on tariffs during his first phone call with South Korean President Lee Jae-myung since he was elected on Tuesday, Lee's office said on Friday.Lee Jae-myung, a liberal, replaced former conservative President Yoon Suk Yeol, who was impeached and ousted over his martial law declaration.South Korea, one of many countries impacted by Trump's tariffs, has a bilateral free trade deal with the …
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Total News Sources43
Leaning Left4Leaning Right10Center6Last UpdatedBias Distribution50% Right
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50% Right
L 20%
C 30%
R 50%
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