Korea, US agree to seek 'July package' on tariffs

Korea requested its exemptions from the United States' "reciprocal" and item-specific tariff measures and suggested a package deal to be made by July, Seoul's Ministry of Trade, Industry, and Energy said Friday. These proposals came during trade talks between the two nations' finance and trade authorities in Washington, D.C., Thursday (local time). Korea’s Deputy Prime Minister and Finance Minister Choi Sang-mok, Trade Minister Ahn Duk-geun, U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative (USTR) Jamieson Greer took part in the trade consultation following the Donald Trump administration’s “reciprocal” tariffs imposition. The trade ministry said Choi expressed Korean citizens’ concerns regarding the imposed reciprocal and item-specific tariffs, proposing to explore mutually beneficial cooperation that could be in advantage for both countries. In a press conference following the talks, Choi said he stressed to the U.S. counterparts that Korea is a reliable trade partner. "We explained that we need calm and orderly negotiations," Choi said, referring to Korea'sWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times