Trump Engages in Trade Negotiations Ahead of Tariff Deadline

President Donald TRUMP emphasized the White House's active engagement in trade negotiations, particularly with South Korea, as the August 1 tariff deadline looms. South Korea faces a potential 25% tariff unless a deal is struck, with Trump noting their offer to 'buy down' these tariffs. The U.S. trade deficit with South Korea widened to $66 billion in 2024, underscoring the stakes.

Separately, the administration announced a trade agreement with Pakistan focused on oil reserve development. Trump's social media remarks highlighted ongoing discussions with multiple countries aiming to align with U.S. trade interests. Market participants monitoring geopolitical risks may weigh implications for commodity-linked cryptocurrencies and stablecoins amid shifting trade flows.