South Korea's Finance Minister Choi Sang-mok will head to Washington next week for a pivotal meeting with U.S. Treasury Secretary Scott Bessent, Seoul's finance ministry confirmed on Wednesday.
The visit, arranged at the suggestion of Bessent, will take place during the spring meetings of the International Monetary Fund and World Bank. Choi is also scheduled to attend a gathering of G20 finance ministers.
The talks come as South Korea aims to soften the blow from President Donald Trump's sweeping tariff programme. Though the 25% reciprocal tariff on South Korean goods has been paused for now, Seoul is pushing for a more permanent resolution. Acting President Han Duck-soo has prioritised engaging with senior Trump officials to minimise disruption to South Korea's export-driven economy.
Choi said on Tuesday the initial goal is to delay implementation of the tariffs while longer-term solutions are negotiated. Bessent recently said allies like South Korea could benefit from a "first mover advantage" by reaching an agreement in principle soon.
White House Press Secretary Karoline Leavitt added that the administration is reviewing more than 15 proposals and hinted that some deals may be finalised shortly.
The U.S. Treasury Department encouraged Choi to use the G20 sidelines to engage directly with Bessent, as both sides weigh options to shield businesses from the fallout of the new trade regime.
An unknown projectile struck a tanker 68 nautical miles northeast of Saudi Arabia on Friday according to a report released by the United Kingdom Ma...
Russian strikes on Ukraine’s energy and water systems, combined with damaged homes and rising living costs, could force more people to flee t...
The AnewZ documentary “Counterpoint: Two Centuries of German-Azerbaijani Shared History” investigates the story of German settlers who ...
The U.S. has banned government employees working in Saudi Arabia from using airports in the country without special authorisation. It comes after a deadly Houthi strike on Riyadh's King Khalid International Airport killed at least 13 people last week.
U.S. President Donald Trump has called it “a disgrace” that Ukraine has resumed attacks on Russian oil refineries. Attacks are continuing from Russia and Ukraine as media reports say Ukraine has almost run out of Patriot interceptor missiles.
An unknown projectile struck a tanker 68 nautical miles northeast of Saudi Arabia on Friday according to a report released by the United Kingdom Maritime Trade Operations (UKMTO) on Saturday.
Nationwide protests are set to begin in France on Saturday with students, trade unionists and remnants of the Yellow Vest movement expected to demonstrate against rising living costs amongst others.
Romanian rescuers resumed their search for seven missing sailors on Friday (16 October) after a drone strike set a chemical tanker ablaze near the country’s Black Sea coast. The attacks have raised fresh security concerns along a vital regional trade route.
Russian strikes on Ukraine’s energy and water systems, combined with damaged homes and rising living costs, could force more people to flee this winter, the International Organization for Migration (IOM) warned on Friday, as its response plan for the country remains less than 7 per cent funded.
Ukrainian President Volodymyr Zelenskyy said on Saturday that a potential meeting between Ukraine, the United States and Russia could take place during the G20 summit in Miami in December, although neither Washington nor Moscow has confirmed the talks.
Nearly half of delegates walked out of an International Monetary Fund meeting in Bangkok on Saturday as Russian Finance Minister Anton Siluanov addressed the group, exposing deep divisions over Moscow’s war in Ukraine.
Nationwide protests are set to begin in France on Saturday with students, trade unionists and remnants of the Yellow Vest movement expected to demonstrate against rising living costs amongst others.
European Union leaders wrapped up a summit in Brussels with agreement emerging on several key issues, including support for the automotive industry, trade tensions with China and financing for Ukraine.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment