South Korea Meets U.S. Amid Tense Trade Talks
South Korea's new finance minister, Koo Yun-cheol, and trade envoy are set to engage in discussions with U.S. officials about tariffs. These talks come in response to U.S. President Trump's tariff policies. South Korea hopes to reach an agreement by August 1. The discussions are part of wider negotiations involving several countries.
Amid heightened tension over international tariffs, South Korea's finance minister Koo Yun-cheol is preparing for critical talks with U.S. officials. Scheduled for Friday, these discussions aim to address tariffs imposed by the Trump administration on various trade allies, including South Korea.
The newly appointed ministers under South Korean President Lee Jae Myung are rapidly mobilizing, as they navigate the complex terrain of trade negotiations sparked by the previous political upheaval. A swift resolution is crucial, given the impending August 1 deadline set by the U.S. for reciprocal tariffs.
In his statements, Koo emphasized preparation and strategic talks focused on national interest and pragmatism. Meanwhile, Japan's negotiator, Ryosei Akazawa, has also planned meetings in Washington, eager to secure a deal by the same deadline.
(With inputs from agencies.)
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