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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.

Newsquawk StaffPublished On the live feed at — 17 more headlines followed before this page went public
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US Treasury Secretary Bessent, on the government shutdown, says we do not know what to expect, via CNBC

US Treasury Secretary Bessent on Canadian relations, says, in the end "I think we will end up in a good place"; USMCA talks are coming up, via CNBC

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

[MARKET UPDATE] USD/JPY rises to session highs of 153.68 (from 152.82) as US Treasury Secretary Bessent says the US is "absolutely not intervening in USD/JPY currently"; the Bitcoin leg lower also coincided with the comments

US Treasury Secretary Bessent on the Fed says that he spoke to the US President Trump on Tuesday and they have not narrowed or expanded the list, via CNBC

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Context

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.

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