U.S. and South Korea Seek Swift Tariff Agreement
U.S. and South Korean trade ministers are working towards a swift agreement on tariffs. South Korea's Trade Ministry highlighted exemptions requested from reciprocal tariffs on automobiles and steel during a meeting with U.S. officials. Discussions with Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are ongoing.
- Country:
- South Korea
During a pivotal meeting on Monday, trade ministers from the United States and South Korea pledged to expedite a deal concerning tariffs, South Korea's Ministry of Trade, Industry, and Energy announced on Tuesday.
South Korean trade envoy Yeo Han-koo pursued exemptions from reciprocal tariffs, including those affecting automobiles and steel, in discussions with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamison Greer, according to the Ministry's statement.
The commitment to reach an agreement is underscored by the inclusion of important sectors like automobiles and steel, showcasing the ongoing diplomatic engagement between the two nations.
(With inputs from agencies.)
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- Yeo Han-koo
- Howard Lutnick
- Jamieson Greer
- commerce
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