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Reuters ( 11 August 2025)

Joyce Lee and Heejin Kim

South Korea and Vietnam's leaders pledged to deepen economic cooperation on Monday as their export-dependent countries try to shore up longstanding supply chains as U.S. President Donald Trump's tariffs shake up global trade.

There was no public discussion of the levies - 15% on South Korean products going to the U.S. and 20% for Vietnamese goods - as South Korean President Lee Jae Myung hosted Vietnam's To Lam as his first state guest since taking office in June.

But Trump's tariffs on products from Asian countries have increased uncertainty over future business commitments, with Vietnamese official data showing a slowdown in new investment.

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