Reported about 21 hours ago
Treasury Secretary Scott Bessent announced that the US and South Korea could finalize an 'agreement of understanding' on trade by next week after successful bilateral discussions. The deal aims to alleviate recent tariff tensions, with South Korea's Finance Minister indicating the desire for a resolution before a July deadline. The negotiations also involve discussions on shipbuilding, energy cooperation, and currency policy, while political dynamics in South Korea could affect the outcome amid upcoming elections.
Source: YAHOO