South Korean Industry Ministry officials are in Washington on Wednesday, April 30, 2025, for technical discussions with their U.S. Trade Representative counterparts regarding U.S. tariffs.
The South Korean team aims to minimize the impact of tariffs imposed by the previous U.S. administration, particularly those affecting South Korean companies. They are seeking exemptions from reciprocal tariffs and import duties, especially on automobiles and steel products.
These discussions follow recent visits by Minister Ahn Duk-geun and Finance Minister Choi Sang-mok, where both countries agreed to develop a trade package aimed at addressing new U.S. tariffs set to take effect on July 8, 2025, after a temporary pause. The talks also reflect a broader effort to recalibrate economic and trade relations between the two allies.