International

South Korean, US trade chiefs to hold talks over tariffs

May 16, 2025

Seoul, May 16

South Korea's trade chief Ahn Duk-geun was set to hold talks with US Trade Representative (USTR) Jamieson Greer on Friday on the sidelines of a trade ministers' meeting of the Asia-Pacific Economic Cooperation (APEC) member economies, officials said.

The meeting to be held on South Korea's southern island of Jeju comes about three weeks after their last gathering in Washington for high-level trade consultations, where the two sides agreed to pursue a "package" deal on U.S. tariffs and economic cooperation issues by July 8.

Greer is participating in the APEC Ministers Responsible for Trade meeting on Jeju, slated to wrap up its two-day run later in the day, reports news agency.

In the upcoming meeting, Ahn is expected to discuss follow-up measures to the Washington agreement, hoping to develop a more detailed framework for further trade negotiations with U.S. President Donald Trump's administration.

Last month, Seoul and Washington agreed to focus their talks on four categories -- tariff and non-tariff measures, economic security, investment cooperation and currency policies.

South Korea has been seeking to get a reduction or exemption from U.S. tariffs, including 25 percent reciprocal duties, which have been suspended for 90 days.

 

 

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