JAKARTA - South Korea and the United States will hold a meeting to negotiate tariffs in Washington this week. The event will be attended by finance and trade ministers from both countries.
South Korea's delegation will be led by Finance Minister Choi Sang-mok and Trade Minister Ahn Duk-geun, while the United States will be represented by US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Total.
Citing ANTARA on Sunday, April 20, the South Korean government said that the tariff negotiations were an initiative from Washington. Currently, both parties are aligning the schedule and agenda of the discussion.
The negotiations were held following US President Donald Trump's latest decision to impose a reciprocal rate on a number of trading partners, including a tariff of 25 percent for goods from South Korea.
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Trump also announced the 90-day suspension of the new policy to give the negotiation process time.
Prior to the announcement of the reciprocal tariff, the Trump administration had already implemented high tariffs on imports of steel, aluminum, and motorized vehicles.
In recent months, Seoul and Washington have discussed various trade issues, ranging from tariffs, non-tariff barriers, to cooperation in the energy sector and the shipyard industry.
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