S. Korea’s acting president expects U.S. trade talks to yield mutually beneficial outcome
South Korea and the United States could discuss Seoul joining U.S. efforts to curb trade with China, as the two sides will hold trade talks this week, according to Reuters, citing South Korea’s Maeil Business newspaper.
During a cabinet meeting on Tuesday, acting president Han Duck-soo said he expects the talks to pave the way for a mutually beneficial outcome, after President Donald Trump imposed reciprocal tariffs of 25% on imports of goods from South Korea earlier this month, which have been paused for 90 days. Meanwhile, tariffs on the auto and steel sectors remain at 25%.
On the other hand, China on Monday accused Washington of abusing tariffs and warned countries against striking a broader economic deal with the U.S. at its expense.
The meeting was scheduled at the request of the U.S., Han said, and will be held in Washington on April 24.
Speaking to reporters ahead of his departure for Washington on Tuesday, Finance Minister Choi Sang-mok said that he aimed to return after “opening the door” to discussions that would strengthen the South Korea-U.S. alliance.
Industry Minister Ahn Duk-geun will also attend the joint meeting with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.
Talks are expected to cover reciprocal tariff exemptions or reductions, plus duties on cars and steel, the industry ministry said in a statement on Tuesday. It said separately that a specific agenda was being coordinated with the U.S. and has yet to be confirmed.
As for defence, Trump has previously said that sharing the cost of keeping U.S. troops in South Korea would be part of “one-stop shopping” negotiations with Seoul, which South Korean officials have said is not up for negotiation. However, they have said cooperation on shipbuilding is a “very important card” the country holds and that participation in an Alaska gas project could be part of the trade package.
Han “signalled a willingness, depending on the issues, to reopen a cost-sharing deal” in a recent interview with the Financial Times, after the finance minister told lawmakers last week that defence costs were not up for negotiation.
