Choi Sang-mok to Meet Scott Bessent at G20 for U.S.-South Korea Trade Talks Amid Tariff Delays

33 posts • Grok (2)

Updated Apr 16, 2025, 07:34 PM

South Korea and the United States are set to engage in trade negotiations next week, as announced by both nations. The talks, initiated by U.S. Treasury Secretary Scott Bessent, will involve South Korean Finance Minister Choi Sang-mok, who will travel to Washington for the discussions during the G20 meeting. The negotiations aim to address the impact of U.S. tariffs on South Korea, with Choi expressing intentions to delay their implementation as much as possible, given the 90-day moratorium on the 25% tariff. In a related development, South Korea and Vietnam have agreed to enhance their economic cooperation in response to the looming U.S. tariffs. The two countries aim to mitigate the effects of these tariffs through increased collaboration, particularly in sectors like shipbuilding, energy, and Alaska LNG, as stated by South Korea's trade minister. Acting President Han Duck-soo has been actively engaging with U.S. officials to lower the tariffs. The upcoming trade talks between South Korea and the U.S. are part of a broader effort by the U.S. to negotiate with several countries, including Japan, on tariffs announced by President Donald Trump. These negotiations are crucial for South Korea, which is seeking to minimize the adverse impact on its trade-reliant economy, while also addressing issues like defense cost sharing.

More breaking stories on DeepNewz — updated live.

#South Korea #United States #Scott Bessent #South Korean #Washington #G20 #Choi #Vietnam #Alaska LNG #Japan #Donald Trump

Associated Financial Markets

More financial news and market updates→

Related Prediction Markets

Will Trump remove majority of reciprocal tariffs before 90 day deadline?

Will Trump remove 10% blanket tariff in April?

Which countries will the U.S. agree to trade deals with before July?

•

View market suggestions→

Sources

jp.reuters.com(9)news.tvchosun.com(5)news1.kr(5)youtube.com(4)

Joseph Brusuelas

@joebrusuelas

Going to be in DC next week for the IMF meeting. Looking forward to catching up with a few friends & hearing a diverse set of evaluations on the economy

The Baltimore Sun

@baltimoresun

On his first morning in Seoul, Gov. Wes Moore met with South Korea’s acting president Han Duck-soo to discuss economic cooperation and the importance of U.S.–South Korean ties amid regional and political instability. The hourlong meeting, held over breakfast, touched on trade, https://t.co/KTJE1BPL4I