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 US and Chinese leaders have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade.

President Donald Trump plans to send top members of his trade team to London on Monday to talks with representatives from China as the two economic superpowers seek greater cooperation on trade. Last month,