Lee Talks to Trump over Telephone, Agree to Work on Tariff

Newly elected president of South Korea Lee Jae-myung and United States President Donald Trump discussed trade and bilateral relations in their first ever telephonic conversation after Lee took over the leadership of his country on Wednesday.

The two leaders are said to have agreed to work towards a trade deal soon and address the issue of tariff. They agreed to reach a tariff agreement to the best interest of both the countries as soon as possible. According to reports, the two leaders are planning to meet soon.

The U.S. and South Korea are allies and valued trade partners for long. While partnership between the two nations includes areas like defense, electronic goods, cars to name a few, geopolitics compels South Korea to maintain a good relation with the United States. Besides, the South Korea being a manufacturing giant as far as electronic goods and steel are concerned, the U.S. middle-class market offers space for price competitive South Korean consumer goods.