U.S. President Donald Trump on Tuesday held a high-level call with South Korea’s acting President Han Duck-soo, discussing tariffs, LNG imports, and a potential $44-billion energy deal — just a day before a 25% tariff on South Korean goods is due to take effect.
“We have the confines and probability of a great DEAL for both countries,” Trump wrote on social media, adding that South Korea’s top negotiating team was already en route to Washington.
The call came ahead of urgent talks between South Korea’s Trade Minister Cheong In-kyo and U.S. Trade Representative Jamieson Greer, aimed at addressing the widening trade gap and averting a tariff clash.
According to Yonhap, Han expressed hope to strengthen the alliance and cooperate on key sectors including LNG and shipbuilding. Trade Minister Cheong echoed this on Tuesday, saying Seoul was reviewing packages to increase U.S. imports — including liquefied natural gas — in a bid to resolve the imbalance. “It’s difficult to reduce exports,” he said. “So shouldn’t we then increase U.S. imports?”
Trump’s team has made clear that while negotiations with China remain uncertain, talks with allies like Japan and South Korea are a top priority. “We’ve received the instruction to prioritize our allies,” said economic adviser Kevin Hassett.
The energy angle is gaining traction. Treasury Secretary Scott Bessent said Trump is personally involved in brokering a proposed project that would ship natural gas from Alaska to East Asia starting in 2030. “That could be an alternative for them to come forward with — it would provide a lot of American jobs and narrow the trade deficit,” Bessent said.
South Korea is considering joining the Alaska venture, alongside Japan and Taiwan, though questions remain about its feasibility.
White House Press Secretary Karoline Leavitt suggested the negotiations could also touch on U.S. military presence and foreign aid. “The president’s approach will be tailor-made. That could include discussions of how troops are paid for,” she said.
Han told CNN that Seoul is keen to avoid any collective retaliation with countries like China or Japan, and prefers a bilateral solution.
Despite the diplomatic push, the U.S. has so far not offered exemptions. Greer told Congress on Tuesday that discussions could stretch into June, with over 70 countries seeking talks.
As the clock ticks toward tariff implementation, both sides appear eager to negotiate — but no deal has been reached yet.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know.
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Bolivia’s President Rodrigo Paz has taken steps towards potentially declaring a state of emergency as anti-government protests intensify in the early months of his administration.
Norway is set to come under France’s nuclear umbrella, marking a significant shift in European security arrangements as concerns grow over the United States’ long-term commitment to the region.
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