South Korea trade minister seeks reduction in auto, steel tariffs
ReutersJul 8, 2025 6:27 AM
SEOUL, July 8 (Reuters) - South Korea's Trade Minister Yeo Han-koo said exemptions or reductions in auto and steel tariffs must be included in a trade deal with the U.S. in a meeting with U.S. Commerce Secretary Howard Lutnick, Seoul's trade ministry said on Tuesday.
Yeo said it was time to expedite negotiations as three weeks of an extension to the U.S. tariff pause was not a lot of time, after U.S. President Donald Trump said he would impose 25% tariffs from August 1, pushed back from the previous deadline of July 9.
Reviewed byHuanyao Fang
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