President Trump announced his administration expects to complete trade negotiations with most countries before August 1. The White House plans to distribute correspondence regarding tariff rates to approximately 200 nations. Trump described these letters as finalized agreements that establish contractual obligations for participating countries.
South Korea intensifies diplomatic efforts to prevent implementation of threatened 25 percent reciprocal tariffs on its exports. The nation faces additional sector-specific duties on automotive and steel products that could damage its export-dependent economy. White House officials characterize ongoing discussions with Seoul as productive negotiations aimed at reducing trade barriers.
Korean Industry Minister Kim Jung-kwan and Trade Minister Yeo Han-koo conducted joint meetings with Commerce Secretary Howard Lutnick on Thursday. A planned Friday session between Korean Finance Minister Koo Yun-cheol, Trade Minister Yeo, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer was rescheduled due to scheduling conflicts. Seoul has proposed bilateral cooperation across strategic industries such as shipbuilding, semiconductors, and battery manufacturing.
South Korea intensifies diplomatic efforts to prevent implementation of threatened 25 percent reciprocal tariffs on its exports. The nation faces additional sector-specific duties on automotive and steel products that could damage its export-dependent economy. White House officials characterize ongoing discussions with Seoul as productive negotiations aimed at reducing trade barriers.
Korean Industry Minister Kim Jung-kwan and Trade Minister Yeo Han-koo conducted joint meetings with Commerce Secretary Howard Lutnick on Thursday. A planned Friday session between Korean Finance Minister Koo Yun-cheol, Trade Minister Yeo, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer was rescheduled due to scheduling conflicts. Seoul has proposed bilateral cooperation across strategic industries such as shipbuilding, semiconductors, and battery manufacturing.
