Washington: South Korean Finance Minister Koo Yun-cheol will engage in tariff negotiations with U.S. Treasury Secretary Scott Bessent in Washington late Thursday, as confirmed by his office. The meeting is set to commence at 10:45 p.m., Seoul time, and is aimed at discussing the impending trade concerns between the two nations.
According to Yonhap News Agency, top officials from Seoul have traveled to the United States in an effort to conclude a trade agreement before the looming deadline. If not addressed by Friday, a 25 percent reciprocal tariff is expected to be enforced, which could have significant implications for trade relations. The urgency of the negotiations underscores the importance of reaching a consensus to prevent the tariffs from taking effect.