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 trade minister to leave for US on Friday as tariff deadline looms
SEOUL: South Korea's Trade Minister Yeo Han-koo will leave for the United States on Friday for tariff talks, just days ahead of the July 9 deadline when US tariffs could rise sharply. © New Straits Times Press (M) Bhd
·Malaysia
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South Korea’s President Lee
South Korea uncertain in reaching U.S. trade deal by July 8
South Korean President Lee Jae-myung said Thursday he was not sure whether his administration could reach a trade deal with the United States by July 8 – a deadline set by U.S. President Donald Trump to implement the so-called "reciprocal tariffs."Speaking
·Beijing, China
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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
·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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