South Korea's new leader Lee Jae-myung and Donald Trump agreed in a phone call to work toward a tariff deal, Seoul said Friday, as a deadline approaches to avoid punishing US levies. Lee won a thumping victory in South Korea's election this week after months of political turmoil in Asia's fourth-largest economy.

The U.S.-China accord came weeks after the White House paused a large swath of Trump's "Liberation Day" tariffs targeting dozens of countries. Trump also eased sector-specific tar

The U.S. international trade deficit narrowed 55.5% in April to $61.6 billion, the Commerce Department said Thursday. Economists surveyed by the Wall Street Journal h