US EditionSouth Korea trade envoy says US showed willingness to reach deal over tariffs
- U.S. President Donald Trump announced a 90-day pause on new tariffs for South Korea, lowering them to 10 percent, while increasing tariffs on China to 125 percent as of April 9.
- Trump stated that more than 75 countries, including South Korea and Japan, have approached the U.S. For trade negotiations, indicating a desire for dialogue to address trade barriers.
- Treasury Secretary Scott Bessent emphasized that these tariffs aim to target 'bad actors' and that initial negotiations will involve countries neighboring China, including South Korea.
- Experts recommend that South Korea approach tariff negotiations with caution, weighing security commitments against potential economic cooperation amid rising North Korean threats.
7 Articles
7 Articles
Seoul Prefers Investment, Not Confrontation On Tariff War
By: Shim Jae HoonHan, in the hot seat, gets on the phone. Photo from YonhapUS President Donald Trump’s chaotic, ever-shifting tariff war couldn’t have come at a worse moment for South Korea, which is in the middle of a crisis stemming from ousted President Yoon Suk Yeol’s illegal martial law declaration, resulting in his impeachment. It is a crisis that…
South Korea trade envoy says US showed willingness to reach deal over tariffs
SEOUL (Reuters) - South Korea's top trade envoy said on Friday his U.S. counterpart signaled a willingness to reach a deal over tariffs and that Seoul will negotiate in the best interests of the country despite a looming election, local…
US Tariffs Update: Experts Call for Prudent, Guarded Approach to Donald Trump’s Proposed ‘Package Deal’ As America Pauses Tariffs on All Countries Except China | 🌎 LatestLY
South Korea should take a prudent and guarded approach in its negotiations with the Trump administration over his proposed "package deal" on tariffs and security issues, as it would be better not to hastily respond to such talks under Seoul's current acting leadership, experts said on Thursday. 🌎 US Tariffs Update: Experts Call for Prudent, Guarded Approach to Donald Trump’s Proposed ‘Package Deal’ As America Pauses Tariffs on All Countries Exc…
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