00:00Meanwhile, South Korea is seeking an extension to the 90-day pause in the U.S. tariffs, which is set to expire next week.
00:07According to a senior South Korean trade official, negotiations between Seoul and Washington are expected to continue beyond the deadline.
00:16South Korea's new administration held its first senior-level trade talks with Washington last week.
00:22This was alongside a third round of working-level technical discussions, since the two countries agreed to craft a trade package reducing U.S. tariffs before the temporary pause ends on July 9.
00:35During the talks, the U.S. raised concerns over South Korea's non-tariff barriers, as the latter already imposes nearly zero tariffs on U.S. imports under a free trade agreement.
00:46The senior official also said issues of foreign exchange rates and defence costs are being discussed via separate channels.
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