US EditionSouth Korea, US, to hold trade talks this week, Seoul says
- A South Korean delegation meets U.S. Counterparts in Washington on Thursday, April 24, 2025, for trade talks.
- The delegation seeks talks as South Korea faces looming U.S. Reciprocal tariffs.
- Reciprocal tariffs were set at 25%, with specific levies also targeting steel, auto, and semiconductor products.
- The U.S.-Korea Free Trade Agreement reduced bilateral tariffs to 0.79% in 2024.
- South Korea will likely seek to lower the 25% reciprocal tariff rate to 10%.
52 Articles
52 Articles
Bessent sees U.S., Korea trade ‘understanding’ by next week
The U.S. and South Korea could reach an “agreement of understanding” on trade as soon as next week, Treasury Secretary Scott Bessent said Thursday, following talks between the two nations. “We had a very successful bilateral meeting,” Bessent told reporters during an Oval Office meeting between President Donald Trump and the prime minister of Norway. “We may be moving faster than I thought, and we will be talking technical terms as early as next…
‘They Came With Their A Game’: Donald Trump, Scott Bessent Reveal Which Country Could Be Close To Making Trade Deal
President Donald Trump and Secretary of the Treasury Scott Bessent said an agreement with South Korea on trade could be reached as early as next week.
NEW: Trade Deal With Major Trading Partner Expected Within Days
The U.S. and South Korea could finalize a new trade agreement as soon as next week, Treasury Secretary Scott Bessent said Thursday after an extensive round of talks between the two nations. “We had a very successful bilateral meeting,” Bessent told reporters during an Oval Office meeting between President Donald Trump and the prime minister of Norway. “We may be moving faster than I thought, and we will be talking technical terms as early as nex…
Bessent sees trade ‘understanding’ with Korea, but domestic politics pose hurdles
Treasury Secretary Scott Bessent said he expects an “agreement on understanding” with South Korea on trade as soon as next week following a “successful” meeting with top officials from the country, but a former Korean trade minister says fraught domestic politics in Seoul will limit what the current “caretaker” government can agree to. “We had a very successful bilateral meeting with the Republic of South Korea today. We may be moving faster tha…
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