South Korea's Lee Jae-myung Warns Against Rushing US Trade Deal

South Korea's leading presidential contender, Lee Jae-myung, has cautioned against hasty trade negotiations with the United States, emphasizing the need for a coordinated response with other nations to counter U.S. tariffs. According to Lee, Washington's tariff policy risks isolating the U.S. on the global stage.

In an interview with several economy-focused YouTube channels, Lee expressed concerns that the U.S.'s approach could lead to increased inflation and damage its national credibility. He encouraged South Korea to be deliberate and avoid being the first to strike a trade deal with the U.S., proposing instead for Seoul to partner with neighboring countries like Japan.

Amid U.S. efforts to secure trade agreements before a tariff pause ends in July, South Korea remains cautiously engaged in talks. However, political instability in Seoul, highlighted by the resignation of the finance minister, has further complicated these discussions.

(With inputs from agencies.)