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South Korea’s Trade, Industry and Energy Minister Ahn Duk-Geun (Right) Arrives At Incheon International Airport On April 23, 2025, As He Departs for Washington for Finance and Trade Ministers’ Talks with the US
Jung Yeon-Je | AFP | Getty Images
South Korea has Asked for “Calm” and “Orderly” discussions with the us on the us on Trade Issues, as Asia’s Fourth Largest Economy Reportedly Seeks To Work Tariffs.
In The So-Called “2 + 2” Talks in Washington, DC, On Thursday, South Korean Finance Minister Choi Sang-Mok and Trade, Industry and Energy Minister Ahn Dukgeun Meter Us Treasury Secretary Scott Bessent and Us Trade Representative Jamieson Greer.
According to South Korean Media Outlet YonhapChoi Told Reporters That Further Talks Will Focus On Four Categories: Tariff-And and Non-Tariff Measures; Economic Security; Investment Cooperation; and monetary policies.
From a Readout South Korea’s Ministry of Finance Said Choi Proposed to Seek Mutually Beneficial Solutions for Both Countries, as Well as Communicated South Korea’s Concerns About Tariffs, According to A CNBC Translation.
The Deal Will Reportedly Be Pursued by July 8, The Day Us President Donald’s 90-Day Tariff Suspension is Due to End.
Choi Also emphasized in the Thursday Talks That South Korea is a “Reliable Partner.”
Ahn Proposed Measures Such as A Contribution By Both Sides To The Reconstruction of The Us Shipbuilding Industry, Sustainable and Balanced South Korea-Us Trade, and Strengthening South Korea’s Energy Security.
HE Requested Reciprocal and item-Specific Tariff Exemptions for South Korea, The Readout Said. Both Sides Decided to Continue Holding Working-Level Meetings and More High-Level Discussions in the Future, Added the dog.
Though South Korea, Like Most Other Countries, Has Been Temporarily Spared The “Reciprocal” Tariffs, The Country Still Faces A 25% Levy On Steel and Aluminum Imports To The United States, As Well as Another 25% On Automobile Emports, WHOLE Of The Country’s Largest Exports to The US
South Korea’s Hyundai and Kia Are Among The Top Eight Bestselling Brands in the US, According to Car Marketplace Carpro. The Country is Also The Fourth Largest Exporter of Steel to the US in 2024, According To The International Trade Administration Under The US Commerce Department.
IN A Thursday Note, Anz Said “While South Korea Has Good Odds of Negotiating A Trade Deal With The Us, ITS Electoral Calendar May Extend The Timeline For A Comprehense Agreement. A New Government Will Be in Place Following The 3 June Election and Its Stance Will Likely Shape The Outcome of Negotiations. “
South Korea Will Head To The Polls On June 3 to Pick A New President. The Country’s Constitutional Court removed Then President Yoon Suk Yeol From Office On April 4 Over His Short-Lived Declaration of Martial Law.
– CNBC’s Blair Baek Contributed to This Report.
