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South Korea, US Hold Trade Talks Ahead of Tariff Deadline

By Ahmad El-Assasy South Korea and the United States are engaged in crucial negotiations over tariff issues, ahead of the looming July 9 deadline, which marks the end of a 90-day suspension period for US tariffs. According to South Korea's Ministry of Trade, Industry, and Energy on Sunday, South Korean Trade Minister Yoo Han-koo met with US Deputy Trade Representative Jamieson Greer in Washington on Saturday. The discussions focused on industrial cooperation and tariff exemptions. During the meeting, South Korea proposed a new framework for industrial cooperation aimed at strengthening supply chains and enhancing mutual economic benefits. The Korean side emphasized that any final trade agreement between the two nations should include the elimination or reduction of tariffs on key South Korean exports, particularly automobiles and steel. Minister Yoo presented this proposal as part of South Korea's broader vision to foster a "mutually beneficial" industrial partnership, aligning with Washington's goal of revitalizing its domestic manufacturing sector. The talks come as the US considers reimposing tariffs on several imported goods after the temporary suspension period expires. Both sides are working to reach a consensus before the deadline to avoid potential trade disruptions. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean