South Korea Deploys Samsung Chief, Finance Minister for Last-Minute U.S. Trade Talks—
South Korea’s Finance Minister Koo Yun-cheol and the executive chairman of tech megacompany Samsung, Lee Jae-yong, both boarded planes headed towards America on Tuesday, seeking to find a resolution to the ongoing trade tensions between Washington and Seoul.
As with nearly every other American trade partner, President Donald Trump announced in April a complete overhaul of America’s economic agreements with South Korea, seeking a deal, he argued, that would be fairer for American exporters and create a more prosperous economic atmosphere at home. Trump announced a deadline to impose tariffs of varying quantities on America’s trade partners of August 1, which some nations have met, others are striving to, and some have managed to overcome by clinching an extension of talks.
