Seoul: The presidential office announced plans to hold a response meeting with relevant ministries on Tuesday to address tariff negotiations with the United States. This comes after U.S. President Donald Trump declared the imposition of 25 percent tariffs on South Korean goods while extending the deadline for the negotiations.
According to Yonhap News Agency, Kim Yong-beom, the presidential chief of staff for policy, will lead the meeting at 1:30 p.m. The session will include senior aides, the minister of government policy coordination, and senior officials from the ministries of industry, finance, and foreign affairs. The participants are expected to assess the current status of the tariff discussions and formulate response strategies.
In a letter to President Lee Jae Myung, President Trump specified that the 25 percent "reciprocal" tariffs are scheduled to be enacted on August 1, extending the initial deadline set for this week. National Security Adviser Wi Sung-lac and Trade Minister Yeo Han-koo are presently in Washington, working on coordinated efforts to address the tariffs and other alliance issues.