South Korea trade minister to leave for U.S. on Friday as tariff deadline looms

South Korea trade minister to leave for U.S. on Friday as tariff deadline looms

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  • South Korea trade minister to leave for U.S. on Friday as tariff deadline looms</p>

<p>July 4, 2025 at 5:11 AM</p>

<p>SEOUL (Reuters) -South Korea's Trade Minister Yeo Han-koo will leave for the United States on Friday for tariff talks, just days ahead of the July 9 deadline when U.S. tariffs could rise sharply.</p>

<p>Yeo said he would consider requesting an extension of the reciprocal tariff pause, depending on the progress of negotiations with U.S. officials.</p>

<p>South Korea has sought exemptions from U.S. President Donald Trump's punishing tariffs on imports of automobiles and steel products, as well as a 25% "reciprocal" levy on the Asian ally currently paused for negotiations.</p>

<p>Washington is demanding better access to the agriculture and car sectors, and improved market access and non-discriminatory treatment in the digital sector, Yeo told a parliamentary hearing on Friday.</p>

<p>"The government will respond flexibly by taking into account the level of the U.S. demands and domestic political security sensitivities," he said.</p>

<p>Asked about whether South Korea could meet the July 9 deadline, Yeo said the substance of negotiations mattered more than the deadline.</p>

<p>Yeo said he would ask the U.S. to take time and accelerate talks to reach a "win-win" deal.</p>

<p>(Reporting by Hyunjoo Jin and Ju-min ParkEditing by Ed Davies)</p>

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