US, South Korea Agree to Pursue Trade Deal Ahead of Tariff Deadline

South Korea and the United States agreed on Thursday to pursue a trade deal that will help Seoul avoid U.S. tariffs before President Donald Trump’s 90-day pause on reciprocal tariffs ends in July. South Korean Finance Minister Choi Sang-mok announced the deal after he and Industry Minister Ahn Duk-geun held talks with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer in Washington. “Our side assesses that the two sides have come to share an understanding that they will craft a ‘July package’ aimed at removing (U.S.) tariffs (on South Korea) by July 8 when the pause on reciprocal tariffs ends,” Choi told reporters, according to Yonhap News Agency....