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South Korea is sending Trade Minister Yeo Han-koo to Washington from June 22 to 27 to hold new trade talks with the United States, according to Reuters. The trip will involve meetings with US Trade Representative Jamieson Greer, as both sides head into the third round of technical discussions. No one’s saying what exactly is on the table, and no full meeting schedule has been shared yet. Officials on both ends are keeping it vague, likely because neither government is fully staffed. Korea still doesn’t have a fully formed cabinet under the new administration, and the US is still filling seats too. Heo Yoon, an economics professor at Sogang University, said the absence of a Korea-US summit and the lack of confirmed top ministers means the talks will probably avoid anything sensitive. “Since a South Korea-US summit has yet to take place and key ministers have not been appointed under the new administration, negotiations are likely to focus on areas that the trade ministry can manage, excluding major issues such as defense cost-sharing and exchange rates.” – Heo Yoon He also warned that “reaching a comprehensive agreement on key negotiation frameworks and agendas is expected to be challenging.” Korea tries to avoid tariff snapback before July 8 Korea is still stuck under a 10% blanket tariff and a separate 25% country-specific duty, both imposed by the Trump administration. Those tariffs were temporarily paused for 90 days, but that clock is ticking. Back in late April, during the first stage of talks, Korea and the US agreed to negotiate a deal that would reduce these tariffs by July 8. But now, with domestic politics in chaos and time running out, officials are saying they may not make it. Korea’s trade ministry has publicly said that they’re short on time and both…

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Filed under: News - @ June 21, 2025 5:20 pm