South Korea Seeks Trade Deal with U.S. Ahead of Tariff Deadline

The post South Korea Seeks Trade Deal with U.S. Ahead of Tariff Deadline appeared first on Coinpedia Fintech News

South Korea is racing to finalize a trade agreement with the U.S. before August 1, when tariffs on Korean exports could rise to 25%. Seoul aims to secure terms at least as favorable as Japan’s recent 15% tariff cap. Key issues include shipbuilding cooperation, while sensitive topics like beef and rice imports are off the table. Despite strong export growth in tech sectors, failure to reach a deal risks heavy tariffs on 44% of South Korea’s GDP from exports.