US EditionHigh-Stakes Tariff Talks: South Korea and U.S. at Critical Phase
SEOUL, SOUTH KOREA, JUL 20 – South Korea's national security adviser aims to prevent a 25% US tariff on exports by intensifying trade talks before the August 1 deadline, amid economic concerns for manufacturers.
- On July 20, South Korea's national security adviser Wi Sung-iac headed to Washington, the authorities said, less than two weeks before the August 1 tariff deadline.
- In early July, President Donald Trump announced planned 25% tariffs on South Korea from August 1, prompting South Korea to seek urgent trade negotiations.
- On Monday, Finance Minister Koo Yun-cheol pledged to prioritize national interest and practical outcomes in tariff talks, saying `I plan to meet with US officials at the earliest opportunity to explain South Korea's position and seek understanding.`
- After Trump said `South Korea wants to make a deal right now`, Seoul's top trade envoy responded that an `in-principle` agreement was possible by the deadline.
- Having met US Secretary of State Marco Rubio, Wi Sung-iac proposed an early summit and suggested including security and investments in trade negotiations, media reports said.
11 Articles
11 Articles
South Korea economy likely returned to growth in Q2: Reuters Poll
By Rahul Trivedi BENGALURU (Reuters) -South Korea’s economy likely returned to growth last quarter, supported by a modest rebound in exports and a gradual recovery in domestic demand, a Reuters poll of economists found. After contracting 0.2% in the January-March period due to sluggish consumption and weak exports, Asia’s fourth-largest economy grew a seasonally adjusted 0.5% in the April-June quarter, according to the median forecast of 22 econ…
South Korea Weighs Painful Concessions to Avert Trump’s Tariffs
South Korea will hold high-level trade talks with the US on July 25, accelerating efforts to head off sweeping tariffs by weighing politically sensitive concessions that could reshape ties between the two allies.
(Sejong/Seoul=Yonhap News) Reporters Lee Jun-seo and Im Ji-woo = Deputy Prime Minister and Minister of Strategy and Finance Koo Yoon-chul and Director General for Trade Negotiations Yeo Han-goo will hold a '2+2 trade consultation' in the U.S. on the 25th...
Denver Gazette
The Star Kuala LumpurSouth Korea industry minister says US tariff talks in critical phase
SEOUL (Reuters) -South Korea's new industry minister Kim Jung-kwan said on Monday that tariff talks with the U.S. are in a critical phase that could result in all kinds of possible scenarios, according to the ministry.
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
