U.S. and South Korea Seek Quick Resolution on Trade Tariffs
United States and South Korea are working towards a swift agreement on tariffs, with South Korea seeking exemptions from certain U.S. tariffs. South Korean trade envoy Yeo Han-koo met with U.S. counterparts to discuss potential revisions to the Free Trade Agreement. Further talks are anticipated.
The trade ministers of the United States and South Korea have reaffirmed their commitment to reaching an agreement on tariffs as rapidly as possible. South Korea's Ministry of Trade, Industry, and Energy made this statement following a pivotal meeting on Monday.
During the discussions, South Korea's leading trade envoy, Yeo Han-koo, urged U.S. representatives to extend exemptions from former President Donald Trump's 'reciprocal' tariffs, alongside those imposed on goods like automobiles and steel. Present at the meeting were the U.S. Secretary of Commerce, Howard Lutnick, and U.S. Trade Representative, Jamieson Greer.
Meanwhile, Acting U.S. Ambassador to South Korea, Joseph Yun, indicated at a seminar that the talks might pave the way for new discussions surrounding the Free Trade Agreement between the two nations, according to local reports from Money Today.
(With inputs from agencies.)
Google News