Politics7/25/2025Bloomberg

US, Korea Reaffirm Pledge to Reach Trade Deal Before Deadline

The United States and South Korea have reaffirmed their pledge to reach a trade deal before the August 1st deadline, when tariffs are scheduled to increase. Both countries are committed to pursuing a mutually beneficial agreement that serves the interests of both nations. The South Korean industry ministry has stated that the two sides are working diligently to finalize the negotiations before the deadline. This reaffirmation of their commitment to a trade deal comes as the two countries aim to strengthen their economic ties and promote further cooperation. The successful conclusion of the trade negotiations could have significant implications for the economic relationship between the US and South Korea, and the broader global trade landscape.

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