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South Korea Seeks Trade Deal with U.S. Ahead of Tariff Deadline
South Korea Seeks Trade Deal with U.S. Ahead of Tariff Deadline
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BTCCSquare news:
South Korea is in urgent negotiations to secure a trade agreement with the United States before August 1, when tariffs on its exports could escalate to 25%. The country aims to match or surpass the 15% tariff cap recently granted to Japan, a benchmark in regional trade terms.
Critical sectors like shipbuilding are central to the discussions, while politically sensitive items such as beef and rice remain excluded. The stakes are high: without a deal, nearly half of South Korea's GDP—driven by robust tech exports—faces significant tariff risks.
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