U.S. Strikes Trade Deals Ahead of Tariff Deadline, Global Markets Watch Closely

The United States has finalized trade agreements with South Korea, Cambodia, and Thailand just before President Donald Trump's deadline to impose steep tariffs. The deal with South Korea includes a 15% import tax on goods, a concession from the initially threatened 25% rate. Negotiations continue with South Africa, China, and Mexico, each facing looming deadlines for tariff adjustments.

Markets are reacting to the rapid-fire trade updates, with investors weighing the implications for global supply chains and economic stability. The White House's flurry of announcements has created a sense of urgency, particularly for industries reliant on cross-border commerce. cryptocurrency traders are monitoring the situation for potential volatility in asset prices tied to international trade flows.