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flag South Korea aims to reach a trade deal with the U.S. by August 1 to avoid 25% tariffs on exports.

flag South Korea's Trade Minister, Yeo Han-koo, says an "in-principle" trade deal with the U.S. by August 1 is possible to avoid a 25% tariff on South Korean exports. flag Discussions include greater access to South Korea's agriculture markets and reducing U.S. tariffs on autos and steel. flag A detailed agreement is still needed, but South Korea hopes to avert the tariffs set to take effect on August 1.

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