South Korea industry minister says US tariff talks in critical phase
South Korea's new industry minister Kim Jung-kwan said on Monday that tariff talks with the U.S. are in a critical phase that could result in all kinds of possible scenarios, according to the ministry.
Kim pledged an all-out effort to smoothly wrap up the talks as August 1, the date when the U.S. has said its "reciprocal" tariffs will take effect, approaches, the ministry said.
South Korea's national security adviser, Wi Sung-lac, has headed to Washington, authorities said on Sunday, and media reports have said other ministers including Kim could also travel to the U.S. this week to sit down with their counterparts.
Wi told Hankyoreh newspaper before flying to the United States that his goal was to lower tariff rates.
RECOMMENDED FOR YOU
Explosions at Taiwan waste site injure 15, damage dozens of homes
This article was produced by Reuters news agency. It has not been edited by Global South World.
