The Minister of Commerce, Industry and Energy of South Korea, Ahn Duk-Geun (right) arrives at the Incheon International Airport on April 23, 2025, as Washington leaves for the conversations of finance and trade ministers with the United States.
Jung Yeon-Je | AFP | Getty images
South Korea has requested “quiet” and “ordered” discussions with the USA. In commercial matters, the fourth largest economy in Asia, according to reports, seeks to make an agreement with the US. UU. For July to avoid rates.
In the so-called “2+2” conversations in Washington, DC, on Thursday, the Minister of Finance of South Korea, Choi Sang-Mok and Trade, the Minister of Industry and Energy, Ahn Dukgeun with the Secretary of the United States Treasury, Scott Besent and the United States trade representative, Greer.
According to the media of South Korea, Yonhap, Choi told journalists that additional conversations will focus on four categories: rate measures and non -tariff; Economic security; Investment cooperation; and monetary policies.
A reading of the Ministry of Finance of South Korea said that Choi proposes to find beneficial mutual solutions for both countries, as reported by the South Korea Conerns on the rates, according to a CNBC translation.
According to the reports, the agreement will be held before July 8, the day when the 90 -day tariff suspension of US President Donald Trump ends.
Choi also emphasized Thursday conversations that South Korea is a “reliable partner.”
Ahn proposes measures, such as a contribution of both sides to the reconstruction of the United States naval construction industry, sustainable and balanced trade of South Korea-Use, and strengthening the energy security of South Korea.
He requested exemptions of reciprocal and specific rates of articles for South Korea, according to reading. Both parties decided to continue celebrating work level meetings and more high -level discussions in the future, he added.
Although South Korea, like most other countries, “reciprocal” rates have been temporarily saved, the country still faces a 25% tax on steel and aluminum imports to the United States, as well as imports lare from another, Autotports, automobile car users
Hyundai and Kia of South Korea are among the eight best -selling brands in the United States, according to the carpro car market. The country is also the fourth largest steel exporter to the United States in 2024, in accordance with the International Trade Administration under the United States Department of Commerce.
In a Thursday note, Anz said: “While South Korea is good probabilities or negotiating a commercial agreement with the United States, its electoral can extend the timeline for an integral reason. It is likely that a new government is the exit and negotiations of itinence and itinence.”
South Korea will go to the surveys on June 3 to choose a new president. The Constitutional Court of the country eliminated President Yoon Suk Yeol from the position on April 4 on his short statement of martial law.
– Blair Baek of CNBC contributed to this report.
