U.S.-Korea: Tariff talks postponed as August 1 deadline looms

AWANI

Tariff talks between South Korea and the U.S. have been postponed, just a day before they were set to begin in Washington. The delay is due to a scheduling conflict for U.S. Treasury Secretary Scott Bessent.

Transcript

00:00Moving on to trade, tariff talks between South Korea and the U.S. have been postponed,

00:05just a day before they were set to begin in Washington.

00:08South Korea's finance ministry says the delay was due to a scheduling conflict

00:12for U.S. Treasury Secretary Scott Besant,

00:15raising concerns in Seoul as next week's tariff deadline approaches.

00:21While Washington did not disclose details,

00:24reports suggest Besant may join President Donald Trump's trip to Scotland from July 25-29.

00:30South Korea said the supposed 2-plus-2 meeting between Besant,

00:34South Korean Finance Minister Koo Yun-chul and senior trade officials

00:38will be rescheduled as soon as possible.

00:41Koo was set to depart for Washington today to secure an exemption from the 25% tariffs

00:46announced earlier this month by the Trump administration.

00:50Despite the delay, South Korea's industry ministry confirmed that trade minister

00:54Johan Koo and industry minister Kim Jong-kwan are already in Washington

00:58and will continue talks with their U.S. counterparts.

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