South Korea Approaches U.S. Trade Talks with Caution to Secure Tariff Exemptions

South Korea’s Industry Minister Ahn Duk-geun said Seoul will approach trade negotiations with the United States "calmly and cautiously," emphasizing a strategic stance as discussions move forward. Speaking to reporters after his return from Washington, Ahn noted that the initial talks showed positive momentum but stressed the importance of closely monitoring U.S. trade discussions with other countries.

Working-level negotiations are set to begin this week, during which a specific working group will be formed, Ahn confirmed. Seoul aims to continue consultations through early July to negotiate exemptions from new U.S. tariffs.

Following the first round of talks in Washington, South Korea and the United States agreed to develop a package of deals to eliminate recently imposed tariffs before a reciprocal tariff pause expires in July. The effort underscores Seoul’s urgency in safeguarding its export-driven economy amid shifting global trade policies.

During the Washington visit, Ahn and Finance Minister Choi Sang-mok held a "productive" meeting with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer. Greer’s office emphasized in a statement that both sides agreed on the need for rapid and meaningful progress toward achieving balanced and reciprocal trade.

South Korea remains committed to advancing negotiations while carefully navigating the complex dynamics of U.S. trade policy. The upcoming working-level talks will be critical in shaping the final outcome and determining Seoul’s ability to maintain stable export conditions in the face of growing tariff threats.