US, South Korea trade ministers reaffirm commitment to reaching tariff deal

FILE PHOTO: FILE PHOTO: A truck driver works in front of shipping containers stacked up at Pusan Newport Terminal in Busan, South Korea, July 1, 2021. Picture taken on July 1, 2021. REUTERS/Kim Hong-Ji/File Photo/File Photo

Source: REUTERS

United States and South Korean trade ministers reaffirmed their commitment to reaching a deal on tariffs as early as possible during a meeting on Monday, South Korea's Ministry of Trade, Industry and Energy said on Tuesday.

South Korea's top trade envoy Yeo Han-koo again sought exemptions from U.S. President Donald Trump's "reciprocal" tariffs as well as tariffs on items such as automobiles and steel, in a meeting with U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Jamieson Greer, the ministry said in a statement.

Acting U.S. ambassador to South Korea Joseph Yun said at a seminar on Tuesday that there may be new trade talks about the Free Trade Agreement (FTA) between South Korea and the U.S., local online outlet Money Today reported.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters