US EditionSouth Korea's Leader Says Trade Deal with US Remains Unclear Ahead of Trump's Deadline
SOUTH KOREA, JUL 3 – South Korean President Lee Jae-myung warned that negotiations with the US remain complicated with unclear demands from both sides as the July 8 deadline approaches.
- 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.
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South Korea’s President Lee
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·Beijing, China
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·Mumbai, India
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Total News Sources36
Leaning Left9Leaning Right6Center10Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 36%
C 40%
R 24%
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