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South Korea Seeks U.S. Tariff Exemptions Ahead of July Deadline
South Korea Seeks U.S. Tariff Exemptions Ahead of July Deadline
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South Korean officials are in Washington for technical discussions with the U.S. Trade Representative, aiming to secure exemptions or softened terms for auto, steel, and other exports before Trump-era tariffs resume on July 8. The 25% duties, paused temporarily, could be reinstated without concessions.
Last week’s visit by Industry Minister Ahn Duk-geun and Finance Minister Choi Sang-mok yielded an agreement to develop a duty-waiver package. Today’s talks advance those efforts, though Seoul emphasizes formal negotiations have yet to begin.
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