South Korea’s new economic chiefs will visit Washington this week for 2+2 trade talks with U.S. officials, aiming to prevent 25% tariffs set to begin on 1 August. This marks their first trip since President Lee Jae-myung took office in June.
South Korean Finance Minister Koo Yun-cheol said on Tuesday that he and Trade Minister Yeo Han-koo will head to Washington for ministerial-level “2+2” trade negotiations with the US later this week, according to Yonhap News Agency.
The meeting, scheduled for Friday, will involve talks with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.
"With the 1 August deadline fast approaching, relevant ministries have formed a unified team to respond with a well-coordinated and practical strategy for the national interest," Koo told reporters.
The United States is due to impose 25% reciprocal tariffs on South Korean exports unless a deal is reached. Existing 25% tariffs already apply to South Korean auto and steel products.
President Donald Trump had initially paused the implementation of additional tariffs in April, granting a 90-day window for talks. That deadline was later extended, but is now set to expire next week.
Koo, who was sworn in as finance minister on Monday, declined to disclose Seoul’s negotiation strategy. He added that South Korea’s foreign and industry ministers are also expected to travel to the U.S. for separate meetings with their counterparts.
This will be the first U.S. visit by key economic ministers under President Lee Jae-myung, who assumed office on 4 June. The last round of “2+2” talks in April involved officials from the previous Yoon Suk Yeol administration.
The Turkish Competition Authority carried out an early-morning raid on online retailer Temu’s Istanbul office on Wednesday (21 January), the regulat...
U.S. President Donald Trump launched his Board of Peace at a ceremony in Davos, Switzerland, on Thursday (22 January). Initially intended to cement a ...
Kazakhstan has joined the first international education programme launched by OpenAI and plans to introduce the specialised artificial intelligence (A...
The European Union has launched a formal procedure to suspend visa-free travel for Georgian citizens holding diplomatic, service, and official passpor...
“Right now NATO exists thanks to the belief that the U.S. will act, that it will not stand aside and will help. But what if it doesn’t?” Ukraini...
The European Union has launched a formal procedure to suspend visa-free travel for Georgian citizens holding diplomatic, service, and official passports — a move that signals a deterioration in relations between Brussels and Tbilisi.
“Right now NATO exists thanks to the belief that the U.S. will act, that it will not stand aside and will help. But what if it doesn’t?” Ukrainian President Volodymyr Zelenskyy asked the World Economic Forum in Davos, Switzerland on Thursday (22 January).
A commuter train collided with a construction crane in southeastern Spain on Thursday (22 January), injuring several passengers, days after a high-speed rail disaster in Andalusia killed at least 43 people.
The strengthening of bilateral ties and peace initiatives in South Caucasus were in focus as President of Azerbaijan Ilham Aliyev met U.S. President Donald Trump in Davos, Switzerland, on Thursday (22 January), on the sidelines of the World Economic Forum 2026.
U.S. President Donald Trump said Washington would “work something out” with NATO allies on Tuesday, defending his approach to the alliance while renewing his push for U.S. control of Greenland amid rising tensions with Europe.
The European Union has proposed new restrictions on exports of drone and missile-related technology to Iran, while preparing additional sanctions in response to what it described as Tehran’s "brutal suppression" of protesters.
Türkiye is closely monitoring developments in Syria and considers the country’s unity and territorial integrity vital for regional stability, President Recep Tayyip Erdoğan told President Donald Trump during a phone call on Tuesday, according to Türkiye’s Communications Directorate.
Poland will begin phasing out the special residence and welfare rules granted to Ukrainians who fled the war with Russia, shifting them onto the country’s standard legal framework for foreign nationals from March, the government said on Tuesday.
Qarabağ claimed a late 3–2 victory over Eintracht Frankfurt in the UEFA Champions League on Wednesday night, scoring deep into stoppage time to secure a dramatic home win in Baku.
“Right now NATO exists thanks to the belief that the U.S. will act, that it will not stand aside and will help. But what if it doesn’t?” Ukrainian President Volodymyr Zelenskyy asked the World Economic Forum in Davos, Switzerland on Thursday (22 January).
A commuter train collided with a construction crane in southeastern Spain on Thursday (22 January), injuring several passengers, days after a high-speed rail disaster in Andalusia killed at least 43 people.
The UK government has announced a major boost to its air defences, awarding a £453 million contract to upgrade radar systems on Typhoon fighter jets.
U.S. President Donald Trump launched his Board of Peace at a ceremony in Davos, Switzerland, on Thursday (22 January). Initially intended to cement a ceasefire in Gaza, he also spoke about other conflicts, such as the nearly four-year-long war in Ukraine.
Hong Kong's High Court began hearing on Thursday a landmark national security trial of the three former leaders of a disbanded group that organised annual vigils marking Beijing's 1989 Tiananmen Square crackdown on pro-democracy protesters.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment