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.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies...
French President Emmanuel Macron is expected to use next week's NATO summit in Ankara to advance his push for greater European responsibility in secur...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 4 July, covering the latest developments you need to know....
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and th...
China said on Saturday it had launched a coast guard patrol east of Taiwan, prompting a strong protest from Taipei, which accused Beijing of illegally...
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
French President Emmanuel Macron is expected to use next week's NATO summit in Ankara to advance his push for greater European responsibility in security, with a bilateral meeting planned with Turkish President Recep Tayyip Erdoğan as Paris seeks closer coordination with key allies.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 4 July, covering the latest developments you need to know.
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and the United States share a special responsibility for maintaining global security as the world's two largest nuclear powers.
The World Meteorological Organization (WMO) has raised its forecast for the rapid emergence of a strong El Niño, warning the climate pattern is likely to drive higher global temperatures and intensify extreme weather in the months ahead.
India is investigating a data breach at Tata Electronics that exposed sensitive documents linked to Apple's unreleased iPhone 18 Pro, marking the government's first public comments on the incident.
Iran and the U.S. have concluded indirect talks in Doha without a major breakthrough, with discussions focused on maritime traffic in the Strait of Hormuz and frozen Iranian funds. Both sides are expected to meet again after the funeral of Ayatollah Ali Khamenei.
International politicians and religious leaders have paid respects to Iran's late Supreme Leader Ali Khamenei throughout the day, ahead of his six day funeral ceremony which begins on Saturday. His casket is currently on display at the Iman Khomeini Grand Mosalla in Tehran.
Germany has requested urgent talks with China's ambassador following reports that Chinese authorities trained Russian soldiers, adding fresh strain to relations between Beijing and Europe amid the war in Ukraine.
French President Emmanuel Macron is expected to use next week's NATO summit in Ankara to advance his push for greater European responsibility in security, with a bilateral meeting planned with Turkish President Recep Tayyip Erdoğan as Paris seeks closer coordination with key allies.
Russian President Vladimir Putin has congratulated U.S. President Donald Trump on the 250th anniversary of American independence, saying Russia and the United States share a special responsibility for maintaining global security as the world's two largest nuclear powers.
China said on Saturday it had launched a coast guard patrol east of Taiwan, prompting a strong protest from Taipei, which accused Beijing of illegally expanding its authority and undermining regional stability.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 4 July, covering the latest developments you need to know.
Russian attacks killed at least six people across three Ukrainian regions on Friday, regional officials said, as Ukrainian strikes on Russian energy infrastructure continued to add pressure to fuel supplies inside Russia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment