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

ReutersJun 24, 2025 3:03 AM

- 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.

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