US and South Korea Close In on $350 Billion Trade Deal

The US and South Korea are nearing an agreement on a major trade deal, with both countries aiming for finalization within the next 10 days. This agreement could involve over $350 billion in investments across various sectors, aimed at strengthening economic ties between the nations. The talks cover a range of commitments, including significant investments in shipbuilding and other key industries. U.S. Treasury Secretary Scott Bessent confirmed the progress on the deal, indicating that final details are being finalized and suggesting the potential establishment of a currency swap facility to facilitate cross-border payments. ]