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S. Korea, U.S. officials to hold tariff talks
AWANI
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6 months ago
South Korea’s new finance and trade ministers will meet U.S. officials Friday to discuss proposed tariffs, as U.S. President Donald Trump threatens a 25% levy on South Korean exports starting August 1 over trade imbalances.
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00:00
South Korea's new Finance Minister Koo Yun-chul and Trade Minister Yohan Koo
00:04
will meet U.S. officials on Friday to discuss proposed tariffs.
00:09
This comes as U.S. President Donald Trump threatens a 25% tariff on South Korean exports from August 1st,
00:16
citing unfair trade imbalances.
00:20
The South Korean representatives will meet U.S. Treasury Secretary Scott Besant
00:24
and U.S. Trade Representative Jameson Greer in Washington.
00:28
Yohan said he plans to focus the talks on forming a manufacturing partnership with the U.S.
00:34
Meanwhile, South Korea's foreign and industry ministers will also visit Washington
00:38
for trade discussions as early as this week.
00:41
The stakes are high for South Korea, where exports accounted for over 40% of GDP in 2024.
00:49
As a key exporter of semiconductors, smartphones, cars and batteries,
00:54
any disruption could ripple through global supply chains.
00:58
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01:01
Episode 30
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The Sisyphus
01:09
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01:13
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