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South Korea’s Trade Minister Yeo Han-koo is heading to the United States on Friday for high-stakes trade negotiations, just days before the July 9 deadline when steep U.S. tariffs could take effect. The visit comes amid rising tension over proposed levies on South Korean exports, including cars and steel.
Yeo said he is open to requesting an extension of the current tariff pause if progress is made during talks with U.S. officials. At stake is a 25% “reciprocal” tariff that Washington has temporarily paused while seeking better terms in trade agreements with Seoul.
The United States is demanding broader market access, particularly in agriculture and the auto sector, as well as improved digital trade conditions. “We’ll respond flexibly, considering both the level of U.S. demands and domestic political sensitivities,” Yeo stated during a parliamentary hearing.
South Korea has long pushed for exemptions from punitive U.S. tariffs, especially those imposed under President Donald Trump’s trade agenda. The reciprocal tariff on autos, although paused, remains a key pressure point as both sides seek common ground.
When asked whether a deal could be reached before July 9, Yeo emphasized that the quality of the agreement is more important than the deadline itself. He intends to urge Washington to speed up discussions and work toward a "win-win" outcome.
The outcome of these talks could significantly impact South Korea’s trade-dependent economy and the broader U.S.-Korea economic relationship. With tensions escalating and time running short, all eyes are on Washington to see whether a compromise can be reached before tariffs spike.
