High-Stakes Tariff Talks: South Korea's New Finance Team Faces U.S. Negotiations

South Korea's newly appointed finance minister, Koo Yun-cheol, is set to meet U.S. officials for crucial talks on tariffs imposed by President Trump. The discussions in Washington aim to address trade imbalances and include representatives from both nations. Key outcomes are anticipated before the August 1 deadline.

South Korea's new finance minister, Koo Yun-cheol, is heading to Washington this week for pivotal discussions with U.S. counterparts about tariffs. The talks come amidst efforts to navigate President Trump's stringent tariff policies impacting global trade relations.

After assuming office just days ago, Koo, alongside Minister for Trade Yeo Han-koo, will engage with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer. This meeting is part of a broader campaign to negotiate terms that align with national interests while managing impending deadlines.

With a pressing August 1 deadline, South Korea's Industry Minister Kim Jung-kwan emphasized the urgency of reaching a resolution. Meanwhile, Japan also readies for talks with the U.S., signifying the widespread impact of these negotiations in the international arena.

(With inputs from agencies.)