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South Korea, US aim for trade package before tariff pause ends in July

  • South Korea and the United States concluded first round trade talks in Washington on Thursday.
  • They seek a package deal to lift new U.S. tariffs before reciprocal tariffs resume in July.
  • Seoul requested tariff relief and proposed cooperation on energy and trade balances.
  • US Treasury Secretary Scott Bessent called the meeting "very successful."
  • Both nations agreed on a discussion framework targeting a July 8 deadline for the package.
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(Seoul = Yonhap News) Reporter Hong Guk-gi = Acting President and Prime Minister Han Duck-soo said on the 29th, "We must overcome numerous obstacles by July when the Korea-U.S. trade talks are concluded."

·Korea, Republic of
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South Korea and the United States have agreed to begin drafting a trade package that would avoid the reimposition of reciprocal US tariffs in July, the South Korean delegation said after the first round of talks in Washington.

·Belgrade, Serbia
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The Korea Times broke the news in Korea, Republic of on Thursday, April 24, 2025.
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