Korean Talks
Image default
Finanace

Trade minister calls for ‘mutually beneficial’ solution to renewed trade tension between Seoul, Washington

Trade Minister Yeo Han-koo has delivered Korea’s commitment to upholding its tariff deal with the United States to Washington officials, calling for a “mutually beneficial” resolution to trade tensions escalating between the two countries amid U.S. President Donald Trump’s tariff hike threat, Yeo’s office said Wednesday. Yeo headed to the U.S. capital last week to expand Seoul’s outreach in the U.S. after Trump made a surprise announcement that he will raise “reciprocal” tariffs and auto duties on Korea, citing a delay in the legislative process supporting the implementation of the countries’ bilateral trade deal, which was finalized in October. During his weeklong trip, Yeo met with officials from the Office of U.S. Trade Representative (USTR) and some 20 U.S. lawmakers to reaffirm Seoul’s commitment to legislating a special bill to implement the trade deal and address non-tariff issues related to digital regulations and others, according to the Ministry of Trade, Industry and Resources. Yeo called for a “mutually beneficial” solution to the renewed trade tension between the two countr

Related posts

Air passenger traffic hits record high in 2025 on increased int’l travel

Claire R. Peck

‘Great Flood’ tops Netflix chart for 3rd week

Claire R. Peck

AI subscription competition escalates with budget plans and bundles

Claire R. Peck