Since July 7, Trump has been sending out new tariff rates for countries across the globe, including major trading partners Canada, Japan, South Korea, and the European Union (E.U.).

South Korea is in a race to reach a compromise trade pact in the hope of avoiding a 25% tariff slapped on its exports by Trump that is set to kick in on August 1, after a late start to ...

By Philip Blenkinsop and Hyunjoo Jin BRUSSELS/SEOUL (Reuters) -The European Union and South Korea said on Monday they were working on trade deals with U.S. President Donald Trump that would soften ...

Trump appeared to have won, as South Korea has recorded a trade deficit with China since 2023. Additionally, as of 2025, South Korea’s exports to China have become comparable to its exports to ...

The U.S.-Korea Free Trade Agreement (KORUS) was already subject to 10% tariffs. But the 90-day pause suggested a chance for a deal, or even the removal of the 10% in a best-case scenario.

Supporters of the South Korean Confederation of Trade Unions march during a rally against the government's labor policy and U.S. President Donald Trump's tariffs policy on South Korea, in Seoul ...

South Korea's national security adviser has headed to Washington, authorities said on Sunday, with less than two weeks to go until U.S. President Donald Trump's Aug. 1 deadline to secure a trade ...

But he also spoke bluntly about the 2012 free trade agreement between the two nations that he said was a “rough deal” for America. He called for the lifting of barriers to U.S. auto sales in South ...

President Trump subsequently announced on Monday that he will impose tariffs of 25 percent on goods from Japan and South Korea that will go into effect on Aug. 1 if a deal has not been consummated ...