Update on tariffs:
South Korea 🇰🇷
According to information from the South Korean delegation after the trade negotiation round in Washington: South Korea and the United States have agreed to build a package deal to remove the new tariffs of the United States before the temporary suspension of retaliatory tariffs ends in July.
U.S. Treasury Secretary Mr. Scott Bessent described today's meeting with South Korea as “very successful” and stated, “We may be progressing faster than expected and will start discussing technical issues as early as next week.”
Germany 🇩🇪
Acting German Finance Minister Mr. Joerg Kukies told CNBC that trust between Europe and the United States has not been broken, despite President Donald Trump's tariff policies.
“To lose trust, it takes much more than that. The transatlantic partnership has been built over decades — we will not overreact just because of tariff statements.”
He also expressed that a “zero-for-zero” tariff agreement (meaning neither side imposes tariffs) between the United States and the EU is the outcome he desires the most.
