South Korean President Lee Jae-myung cast uncertainty over concluding a critical trade agreement with the United States by the July 8 deadline set by former U.S. President Donald Trump. The deal aims to address "reciprocal tariffs," but Lee acknowledged the challenges during a press conference marking his first month in office.
Negotiation Complexities Emerge
Lee emphasized the difficulty of predicting outcomes, stating both sides are still clarifying specific demands. "Even my words could affect negotiations," he cautioned, while reaffirming Seoul's commitment to securing a mutually beneficial outcome. The remarks highlight growing tensions as the deadline looms.
Foreign Policy Priorities Outlined
Lee also outlined a foreign policy strategy centered on strengthening alliances with the U.S. and Japan while pursuing improved relations with China and Russia. This balanced approach seeks to safeguard national interests amid shifting global trade dynamics.
Implications for Regional Markets
Business analysts warn delays could disrupt supply chains and affect investor confidence in Asia-Pacific markets. The outcome may set precedents for future U.S. trade negotiations with other Asian economies.
