Korean Official: Trade Framework Agreement with U.S. Could Be Reached by August

By: theblockbeats.news|2025/07/14 12:02:04
0
Share
copy

BlockBeats News, July 14th. On Monday, South Korea's chief trade negotiator said that it is possible to reach a "principled" trade agreement with the United States by the final deadline of August 1st, hinting that South Korea may be open to expanding market access for agricultural products.

South Korea's Ministry of Industry, Trade and Resources' Trade Negotiations Director, Yoo Han-kyu, stated that South Korea is seeking to avoid the imposition of "unfair" tariffs by the United States on key industrial sectors, which would undermine its industrial cooperation with its primary security ally and trading partner.

"I believe it is possible to reach a principled agreement in the U.S. tariff negotiations and then take some time for further negotiations," Yoo Han-kyu said. "Twenty days are not enough to craft a perfect treaty containing all the details." "We need to make a strategic judgment on agriculture and livestock," Yoo Han-kyu said. "Sensitive areas may need to be further protected, but some aspects may be considered part of the overall framework." (FXStreet)

You may also like

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

How to exit after asset tokenization?

Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

How does the GENIUS Act reshape the stablecoin landscape?

A16Z: The sun bears witness, SpaceX is worth 7.5 trillion

A deep analysis of Musk's ultimate grand vision: how SpaceX, xAI, and Tesla are deeply intertwined, using space AI data centers and Starships to gradually turn the sci-fi fantasies of Mars colonization and multi-planetary civilization into reality.
1,000 BTC Protection Fund
1:1 proof of reserves and on-chain verification to keep your funds secure.
1,000 BTC Protection FundVerify now

Popular coins

Latest Crypto News

04:45

PGIM predicts that the Federal Reserve will raise interest rates three times this year, reversing its policy in 2027

According to Jinshi, the American asset management company PGIM expects the Federal Reserve to raise interest rates three times this year to curb economic overheating, and then reverse the rate hikes in 2027. PGIM pointed out that the U.S. economy is "exceptionally strong," with inflation remaining ...
04:45

The probability of the Federal Reserve keeping interest rates unchanged in June is 98.5%, and in July, it is 91.3%

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve maintaining interest rates in June is 98.5%, while the probability of a cumulative rate cut of 25 basis points is 1.5%. By July, the probability of maintaining interest rates is 91.3%, the probability of...
04:45

IREN acquires Spanish AI data center developer Nostrum, entering the European market

AI infrastructure company IREN, which has transitioned from a Bitcoin mining enterprise, announced the acquisition of Spanish AI data center developer Ingenostrum, S.L., also known as Nostrum Group, officially entering the European market.This transaction adds approximately 490 megawatts of secured,...
04:45

Standard Chartered predicts that the Uniswap token UNI could rise to $100 by 2030

Standard Chartered Bank has initiated coverage of the decentralized trading protocol Uniswap, predicting that its UNI token could rise from the current approximately $2.7 to $100 by the end of 2030, representing an increase of nearly 40 times. Geoffrey Kendrick, the global head of digital asset rese...
04:45

SpaceX IPO drives a trading frenzy for Hyperliquid, with SPCX perpetual daily trading reaching 1.4 billion dollars

After SpaceX went public on Nasdaq last Friday with a valuation of over $1.7 trillion, the trading volume of the HIP-3 perpetual contract SPCX related to SpaceX on Hyperliquid surged. Data shows that the trading volume of the xyz:SPCX pair reached $1.4 billion on that day, accounting for 30% of all ...
Read more
Community
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com