South Korea’s chief trade negotiator, Yeo Han-koo, will travel to the United States from June 22 to 27 for a new round of high-level discussions aimed at resolving escalating trade tensions, the Ministry of Trade, Industry and Energy announced on Saturday.
Yeo is expected to meet with U.S. Trade Representative Jamieson Greer and engage in the third round of bilateral technical talks. While the ministry did not disclose the full details of the meetings, officials confirmed that the discussions will centre around the current tariff impasse and the path toward a resolution.
The visit comes at a critical juncture, as South Korea faces a two-pronged tariff regime imposed by the United States — a 10% blanket duty and a 25% country-specific tariff. The latter was temporarily suspended for 90 days following initial negotiations in late April, during which both countries agreed to pursue a mutually acceptable deal by July 8.
South Korea, Asia’s fourth-largest economy, is under pressure to secure relief from the tariffs, which have weighed heavily on exports and industrial output. The urgency is heightened by the country’s unexpected economic contraction in the first quarter, a downturn attributed in part to U.S. President Donald Trump’s sweeping protectionist measures and domestic instability following the December imposition of martial law by former President Yoon Suk Yeol.
Trade officials say the upcoming Washington visit could be decisive in shaping a longer-term agreement. “We are approaching the final window to produce a sustainable outcome before the temporary tariff suspension expires,” one official told Reuters.
Observers expect the talks to also touch on semiconductor exports, automotive access, and strategic supply chain resilience — sectors where U.S.-Korea cooperation remains critical amid intensifying global economic shifts.
As the July 8 deadline approaches, both sides face mounting pressure to demonstrate progress and prevent a renewed disruption of bilateral trade, which totaled over $180 billion in 2024.
Turkish President Recep Tayyip Erdoğan welcomed climate commitments from world leaders at COP31 on Thursday, as he held a series of high-level mee...
Lahore, the capital of Pakistan’s eastern Punjab province, has topped global rankings for air pollution among major cities, as hazardous smog...
At least 28 people, including 10 police officers and 18 militants, were killed in violence in northwestern Pakistan, authorities said on Wednesday ...
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
UN Secretary-General António Guterres delivered a stark warning at this year's COP31 summit, saying the climate crisis iss advancing faster than governments' efforts to contain it.
Iran will not let a single particle of its enriched nuclear material leave the country, and any new U.S. attack would be met with strikes on distant American bases, Iranian security chief Mohsen Rezaei has said.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Four million workers across Spain joined a general strike on Wednesday over the country’s deepening housing crisis, unions said, bringing disruption to factories, ports, shops and public transport just weeks before a snap general election.
A consortium of Türkiye’s Limak and Qatar’s HBK Contracting has won an international tender to build and operate a new airport terminal in Bukhara, Uzbekistan, under a 23-year public-private partnership, with the project potentially costing up to $300 million.
Spain’s parliament has approved a government package aimed at easing the country’s housing crisis, a day after workers staged the first general strike in 14 years over soaring housing costs.
Here's your AnewZ Technology Daily Brief for the 13th of November. This week, a Microsoft outage hit Australian agencies, Google restricted mapping data in South Korea, a lawsuit targeted advanced AI development, and Nvidia faced a leadership crisis after Jensen Huang's resignation.
Microsoft struggled to restore its services on Friday after a major outage disrupted Outlook, Teams and Copilot across the United States and Asia-Pacific region.
President Vladimir Putin agreed on Thursday to let European representatives join the next round of Ukraine peace talks while the United States continues to work towards what could become the largest prisoner exchange of the Russia-Ukraine war.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment