South Korea's Lee says deadline deal on US tariffs will be 'difficult'

New president stresses efforts to revive economy under threat from trade tensions

20250703 South Korean President Lee Jae Myung

South Korean President Lee Jae Myung delivers a speech on the second supplementary budget proposal for 2025 at the National Assembly in Seoul on June 26. © Reuters

STEVEN BOROWIEC

SEOUL -- South Korean President Lee Jae Myung said Thursday that it will likely be "difficult" to reach an agreement with the U.S. on looming tariffs by next week's deadline but added that he is pursuing a "win-win outcome" as he endeavors to restore economic vigor to his country threatened by trade tensions and a downturn in consumption.

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