City
Epaper

South Korea, US to launch working-level talks on tariffs this week

By IANS | Updated: April 30, 2025 10:37 IST

Seoul, April 30 South Korea and the United States will hold working-level talks this week to set details ...

Open in App

Seoul, April 30 South Korea and the United States will hold working-level talks this week to set details of their recent agreement concerning the Donald Trump administration's tariff scheme, Seoul's industry ministry said on Wednesday.

The two-day "technical discussions" will begin on Wednesday (U.S. time) in Washington as a follow-up to last week's agreement to craft a package deal on the new U.S. tariffs and ways of bilateral economic and industrial cooperation before the 90-day pause on the tariff measures expires on July 8, according to the Ministry of Trade, Industry and Energy.

The upcoming discussions will be attended by officials from the ministry and the Office of the United States Trade Representative (USTR), reports Yonhap news agency.

"This round of technical consultations is intended to finalize the framework for discussions regarding U.S. tariff measures. We will actively seek exemptions from reciprocal tariffs, item-specific tariffs, such as those on automobiles and steel products, and any new levies that may be introduced in the future, in order to minimize damage to our businesses," senior ministry official Jang Sung-gil said.

During the first "two-plus-two" tariff talks held last Thursday, Seoul and Washington agreed to focus on four areas in crafting a deal: tariff and non-tariff measures, economic security, investment cooperation and currency policies.

The meeting in Washington had brought together South Korea's Finance Minister Choi Sang-mok and Industry Minister Ahn Duk-geun with their U.S. counterparts, Treasury Secretary Scott Bessent and USTR Jamieson Greer.

Earlier this month, Trump announced a minimum 10 percent "baseline" tariff on all imports to the U.S., along with "reciprocal" tariffs, including 25 percent duties for South Korea, that targeted some 60 countries.

Shortly after the announcement, however, Trump paused the implementation of the reciprocal tariffs for 90 days, and began holding separate negotiations with each partner nation.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalRajya Sabha Deputy Chairman meets South Africa's National Assembly Speaker

InternationalUK space agency goes global with 23 new projects

InternationalHamas agrees to release Israeli hostages, offers support to Trump's Gaza peace plan

Entertainment"Artists used to wear Salwar Kameez to collect award": Tamannaah Bhatia on changes at Filmfare Awards

Other SportsNishad Kumar, Simran Sharma shine as India continues strong run at World Para Athletics Championships 2025

International Realted Stories

International"Anything that happens in neighbourhood, repercussions on India can be huge:" Former diplomat Ashok Sajjanhar on Nepal crisis

InternationalDeath toll rise to 10 in Indonesia boarding school building collapse

International"India, Russia enjoy special, privileged strategic partnership": MEA on 25 years special partnership

International"It has negative impact on all of us": Special International Trade Advisor to Indonesian President on US tariffs

InternationalIndian envoy Kwatra meets US Congressman Greg Murphy discuss bilateral ties