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The Minister of Commerce, Industry and Energy of South Korea Anne Duke-Gene (right) arrives at Inchen International Airport on April 23, 2025, as he left for Washington for Finance and Commercial Ministers negotiations with the United States
Jung Yeon-Je | AFP | Ghetto images
South Korea demanded “calm” and “arranged” discussions with the US on commercial issues, as the fourth largest economy in Asia seeks to make a deal with the United States by July to avoid tariffs.
In the so-called “2+2” conversations in Washington, Colombia County, on Thursday, South Korean Finance Minister Choi Sang-Mock and Minister of Trade, Industry and Energy Anne Dukgene has met with US Secretary of Finance Scott Bensten and US sales representative Jamison Greer.
According to South Korean media yonhapChoi told reporters that further conversations would focus on four categories: tariffs and non-tariff measures; economic security; investment cooperation; And monetary policies.
Reading from The Ministry of Finance of South Korea Sade Choi has offered to seek mutually affordable solutions for both countries, as well as reports South Korea’s concerns about tariffs, according to CNBC translation.
The deal is reported to be chased until July 8, the day when the 90-day stopping of US President Donald Trump’s tariff stop is to be completed.
Choi also stressed on Thursday that South Korea is a “reliable partner”.
AHN has proposed measures such as contribution from both countries to the restoration of the US shipbuilding industry, sustainable and balanced trade in South Korea and the United States and strengthening South Korea’s energy security.
He demanded reciprocal and articles -specific exceptions to Tariffs for South Korea, the testimony said. Both sides decided to continue to hold meetings at the working level and a higher level of discussion in the future, he added.
Although South Korea, like most other countries, is temporarily spared by “reciprocal” tariffs, the country is still facing a 25% tax on the import of steel and aluminum in the United States, as well as another 25% of imports of cars that are some of the largest exports of the country for the United States
South Korea Hyundai and Kia are among The best eight most selling brands In the US, according to the car market Carpro. The country is also The fourth largest exporter of steel for the United States In 2024, according to the International Commercial Administration, within the US Department of Commerce.
On Thursday, Anz said that “while South Korea has a good chance of negotiating a trade transaction with the United States, its electoral calendar can extend the time line for a comprehensive agreement. A new government will be created after the June 3 election and its position will probably shape the result of the negotiations.”
South Korea will head to the urns on June 3 to elect a new president. The Country Constitutional Court Submitted then President Yon Suk Yol of the office on April 4 over his short -term declaration of martial law.
– CNBC’s Blair Baek contributed to this report.