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South Korea Says Framework US Trade Deal Possible by August, Farm Market Access on Table

SEOUL, SOUTH KOREA, JUL 14 – South Korea aims to avoid 25% tariffs by proposing a bilateral manufacturing partnership with the U.S. to boost trade and industrial cooperation, with $55.6 billion trade surplus last year.

SEOUL: South Korea's top trade envoy said on Monday (Jul 14) it may be possible to strike an "in-principle" trade deal with the United States by an Aug 1 deadline and signalled Seoul may be open to allowing greater access to its agricultural markets, local media reported. Minister for Trade Yeo Han-koo, wh

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Trump administration threatens 25 percent tariffs on South Korean exports

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U.S. News broke the news in New York, United States on Sunday, July 13, 2025.
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