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Minister of Trade, Industry and Energy Academy of Sciences Academy of Sciences (right) arrives at Inchon International Airport on April 23, 2025 when he goes to Washington for financial and trade ministers
Jung Yeon-Je | AFP | Gets the image
South Korea has asked for “peace” and “ordered” discussions with the US on trade, as, as reported, the fourth largest Asia economy seeks to work out from the United States until July to avoid tariffs.
In the so-called “2+2” negotiations in Washington, Colombia County, South Korean Finance Minister Choy Sang Mock and Trade, Minister of Industry and Energy Ane Dukeun met with US Treasury Minister Scott and US Trade Representative Jemisan Grir.
According to South Korean media yonhapChoi told reporters that further talks would be focused on four categories: tariff and non -tariff measures; economic security; investment cooperation; And the monetary policy.
Reading from South Korean Finance Ministry He said that Choi suggested looking for mutually beneficial solutions for both countries, as well as reports South Korea’s concern on tariffs, CNBC translation reports.
The transaction is reported to be made by July 8, on the day when the 90-day tariff suspension of US President Donald Trump is to end.
On Thursday, Choi emphasized that South Korea is a “reliable partner”.
AHN suggested measures such as the contribution of both parties to the reconstruction of the US shipbuilding, sustainable and balanced trade in South Korea and strengthening South Korea’s energy safety.
He demanded from mutual and specific tariffs for South Korea, reads. Both sides decided to continue holding the working level and more discussions at the future, he added.
Despite the fact that South Korea, like most other countries, is temporarily deprived of “mutual” tariffs, the country still faces 25% of the steel imports and aluminum in the US, as well as 25% for automobile imports, which are one of the largest exports to the US in the US
Hyundai and Kia South Korea are some of the Eight best besesellers brands In the US, Car MarketPlace Carpro reports. The country too The fourth largest exporter has become in the US In 2024, according to international trade in the US trade department.
In the note on Thursday, Anz notes that “while South Korea has a good chance of negotiating a trade agreement with the United States, its election calendar may extend the timing for a comprehensive agreement. The new government will act after the June 3 elections, and its position is likely to form the results of the talks.”
South Korea will go to the elections on June 3 to select a new president. Country Constitutional Court On April 4, President Jon Suk JOL was removed from office Above its short -term martial law.
– Blair fables in CNBC contributed to this report.
