South Korea Pushes for Tariff Reductions in U.S. Trade Deal

South Korea's Trade Minister Yeo Han-koo urges exemptions or reductions in auto and steel tariffs in a trade deal with the U.S. during talks with U.S. Commerce Secretary Howard Lutnick. There's a three-week extension on the tariff pause as the deadline looms.


Devdiscourse News Desk | Seoul | Updated: 08-07-2025 11:33 IST | Created: 08-07-2025 11:33 IST
South Korea Pushes for Tariff Reductions in U.S. Trade Deal
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South Korea's Trade Minister Yeo Han-koo called for necessary exemptions or reductions in auto and steel tariffs to be part of a trade agreement with the United States.

The call for action came during a meeting with U.S. Commerce Secretary Howard Lutnick, according to South Korea's trade ministry on Tuesday.

With U.S. President Donald Trump announcing plans to impose a 25% tariff from August 1, Yeo emphasized the need to accelerate negotiations as the current three-week extension offers limited time.

(With inputs from agencies.)

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