NEW: Trade Deal With Major Trading Partner Expected Within Days
Published 1 hour ago
on April 24, 2025
By Cullen McCue
The U.S. and South Korea could finalize a new trade agreement as soon as next week, Treasury Secretary Scott Bessent said Thursday after an extensive round of talks between the two nations.
“We had a very successful bilateral meeting,” Bessent told reporters during an Oval Office meeting between President Donald Trump and the prime minister of Norway. “We may be moving faster than I thought, and we will be talking technical terms as early as next week as we reach an agreement on understanding as soon as next week.”
Bessent did not elaborate on what can be expected from the deal with South Korea, a top 15 global economy in terms of nominal GDP
Thursday’s direct talks come after a Trump Administration delegation met with South Korean representatives while conducting separate trade negotiations with Japan last week. While President Trump has stated that more than 90 countries have reached out to negotiate new agreements, South Korea and Japan are among the eight nations in active discussions as of this report.
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