The Minister of Trade, Industry and Energy in South Korea Ahn Duk-Geun (on the right) arrives at the Incheon International Airport on April 23, 2025, when he goes to Washington to talk about financial and commercial ministers from the USA
Jung Yeon-Je AFP Getty images
South Korea asked for “calm” and “ordered” discussions from the USA in commercial matters, because the fourth largest economy of Asia is supposedly trying to develop a contract from the USA to July to avoid tariffs.
In the so-called “2+2” conversations in Washington, on Thursday, the Minister of Finance of South Korea Choi Sang-Mok and Trade, industry and minister of energy Ahn Dukgeun met with the Secretary of the US Treasury Scott Bessent and US professional representative Jamieson Greer.
According to Yonhap from Korea KoreaChoi told journalists that further conversations focus on four categories: tariff and non -tariff agents; Economic security; Investment cooperation; and monetary policy.
Read from Ministry of Finance of South Korea He said that Choi offered each other to search for mutually favorable solutions for both countries, and also gave South Korea concerns regarding tariffs, according to CNBC translation.
The contract will be reportedly carried out until July 8, on the 90-day tariff suspension of US President Donald Trump.
Choi also emphasized in Thursday conversations that South Korea is a “reliable partner.”
AHN has proposed funds such as the contribution of both parties to the reconstruction of the American shipbuilding industry, balanced and sustainable trade in South Korea and strengthening the energy security of South Korea.
Reading said that he asked for mutual and specific tariff layoffs for South Korea. He added that both sides decided to continue meetings at the working level and more high -level discussions in the future.
Although South Korea, like most other countries, was temporarily saved by “mutual” tariffs, the country still facilitates 25% of the import of steel and aluminum imports to the United States, as well as another 25% for car imports, which are the largest exports in the country to the USA to the USA
Hyundai and Kia from South Korea are one of Eight best bestsellers In the USA, according to Car Marketplace Carpro. The country is also Fourth largest exporter to the USA According to international trade administration as part of international trade administration as part of the US Trade Department.
In Thursday's note, Anz said: “While South Korea has a good chance of negotiating a trade agreement with the USA, its election calendar may extend the schedule of a comprehensive agreement. The new government will be available after the election in June 3, and its position will probably shape the result of negotiations.”
South Korea will set off to the polls on June 3 to choose a new president. The Constitutional Tribunal of the Country The then President of Yoon Sucze Yeol was removed from the office on April 4 over a short martial law declaration.
– Blair Baek from CNBC contributed to this report.