US Treasury Secretary Bessent says there is no trade deal with South Korea until they ratify the deal, via CNBC; on the EU, he calls them disappointing after freezing the trade deal during President Trump's Davos speech

US Treasury Secretary Bessent says there is no trade deal with South Korea until they ratify the deal, via CNBC; on the EU, he calls them disappointing after freezing the trade deal during President Trump's Davos speech.

Treasury Secretary Bessent's comments highlight a stalemate in U.S.-South Korea trade negotiations, which may weigh on the USD if investors perceive prolonged uncertainty. His critique of the EU suggests a broader tension that could reverberate across markets, particularly in Europe and impacting the EUR. This scenario raises concerns for risk appetite and trade-sensitive assets amid ongoing geopolitical frictions.