Korean trade minister meets with US Congress officials for talks on trade, cooperation

Korea's new trade minister has held talks with officials from the U.S. Congress and the White House in Washington to discuss trade issues and ways to enhance bilateral cooperation, Seoul's industry ministry said Thursday. Trade Minister Yeo Han-koo, currently on a weeklong trip to Washington, met with Rep. Jason Smith (R-MO), chair of the U.S. House Committee on Ways and Means; Rep. Adrian Smith (R-NE), head of the trade subcommittee of the committee; and Rep. Carol Miller (R-WV) on Wednesday (U.S. time), according to the Ministry of Trade, Industry and Energy. In the meetings, Yeo called for U.S. Congress' efforts to create "stable" and "predictable" business for Korean companies in the course of handling the proposed tax bill by President Donald Trump's administration, which is expected to have a huge impact across markets and the economy. The bill, dubbed the "One Big Beautiful Bill Act," contains amendments to reduce tax credits for electric vehicles and others under the Inflation Reduction Act, which also applies to Korean exporters. Yeo called for efforts to promote a mutually beneWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times