Reported 1 day ago
Trade negotiations between South Korea and the U.S. have been postponed due to a scheduling conflict of U.S. Treasury Secretary Scott Bessent, raising concerns over impending tariffs set to take effect on August 1. South Korea's finance ministry stated that the crucial meeting, aimed at negotiating tariffs imposed by President Trump, will be rescheduled. With a previous lift of hopes for a deal, analysts express doubt that the new meeting can occur before the deadline, putting pressure on South Korea to secure favorable terms amidst competition with Japan's recent trade agreement with the U.S.
Source: YAHOO