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EU, South Korea Urgently Negotiate to Avoid Tariffs

7/15/2025

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Summary

Story summary

The European Union and South Korea are in urgent talks with the U.S. to avert looming tariffs set to take effect on August 1. President Trump’s announcement of a staggering 30% tariff on EU imports and a 25% tariff on South Korean goods has sparked a race for a solution, as both regions strive to protect their economies from potential fallout.

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Story summary

The European Union and South Korea are in urgent talks with the U.S. to avert looming tariffs set to take effect on August 1. President Trump’s announcement of a staggering 30% tariff on EU imports and a 25% tariff on South Korean goods has sparked a race for a solution, as both regions strive to protect their economies from potential fallout.