South Korea, US to Hold High-Level Meetings Next Week as Tariff Deadline NearsSeoul, 27 Jul (ONA) — The Republic of Korea’s presidential office said it will make an all-out effort in trade negotiations with Washington, with a series of high-level meetings scheduled for next week to avert looming tariffs.
The announcement followed an emergency meeting earlier in the day, which was co-chaired by Kim Yong-beom, presidential chief of staff for policy, and National Security Adviser Wi Sung-lac, Yonhap News Agency reported.
The meeting was convened to review the progress of ongoing talks and coordinate Seoul’s response as the 1st August deadline for new US tariffs near.
According to the presidential office, the US showed a “high level of interest” in the shipbuilding sector, and the two countries agreed to enhance bilateral cooperation in the sector.
The negotiations are aimed at mitigating threatened 25% “reciprocal” tariffs from the US, as well as potential duties on steel and automobiles, which are set to take effect on 1 August 2025.— Ends/Khalid