U.S. signals 25% tariff on South Korea if no deal by July 8
The United States has hinted that it will impose a 25% reciprocal tariff on South Korean imports unless the two countries reach a trade agreement by July 8, according to statements made by U.S. Treasury Secretary Scott Besant.
Speaking with CNBC on July 3, Besant warned that if negotiations with trade partners fail to conclude by the deadline, the U.S. will..