Seoul: South Korea and the United States are set to engage in working-level discussions this week to finalize the specifics of their recent agreement addressing the tariff scheme initiated during the Donald Trump administration, as announced by South Korea's industry ministry.
According to Yonhap News Agency, the two-day "technical discussions" are scheduled to begin on Wednesday (U.S. time) in Washington. These talks are a continuation of last week's agreement aimed at creating a comprehensive deal on the new U.S. tariffs and exploring avenues for bilateral economic and industrial cooperation. This comes ahead of the expiration of the 90-day pause on the tariff measures, set to end on July 8. Representatives from South Korea's Ministry of Trade, Industry and Energy and the Office of the United States Trade Representative (USTR) will participate in the discussions.
"This round of technical consultations is intended to finalize the framework for discussions regarding U.S. tariff measures. We will actively seek exemptions from reciprocal tariffs, item-specific tariffs, such as those on automobiles and steel products, and any new levies that may be introduced in the future, in order to minimize damage to our businesses," senior ministry official Jang Sung-gil stated.