South Korea is saying that they will be aiming to create six or so working groups with the US to discuss tariffs, economic security, and economic cooperation. However, any trade agreement will not come before the presidential election on 3 June.

This looks to be more of a domestic exception but so far, there haven't been any signs of trade progress moving all too quickly between the US and its supposedly closer allies. Even the initial talks with Japan looked to have gone sideways at best.

Source: Forex Live