Overview

• The United States will initiate trade negotiations with South Korea next week, according to Treasury Secretary Scott Bessent.
• Bessent highlighted the 'first mover advantage,' suggesting countries that finalize agreements early may secure better terms.
• The U.S. is engaging in expedited trade discussions with multiple allies, including Japan, Vietnam, Britain, Australia, and India.
• These negotiations aim to mitigate the economic effects of steep tariffs imposed by President Donald Trump, currently paused for 90 days.
• Provisional agreements in principle may be reached before the tariff pause ends, though comprehensive trade deals are unlikely within the timeframe.