South Korea is preparing a major diplomatic effort to address US tariffs on Korean goods. Top economic officials will travel to Washington next week to push for favorable trade outcomes.
Finance Minister Choi Sang-mok, also Deputy Prime Minister, will lead the mission. He plans to meet US Treasury Secretary Scott Bessent during his stay. The talks will center around ongoing trade friction and efforts to revise or ease US tariffs on Korean goods.
According to the Ministry of Economy and Finance, the US Treasury suggested this meeting. The goal is to address major trade concerns impacting both countries.
Choi’s visit will coincide with the G20 Finance Ministers and Central Bank Governors Meeting. This gathering is set for April 23–24 and takes place alongside the Spring Meetings of the IMF and World Bank.
Trade Minister Ahn Duk-geun is also preparing for a trip to the US. He aims to meet Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer. Their discussions will focus on reducing the economic pressure caused by US tariffs on Korean goods.
Earlier this month, the US announced a 90-day pause on new country-specific tariffs. This move seeks to bring key allies, including Korea, to the negotiating table.
During this pause, tariffs on Korean exports dropped from 25 percent to 10 percent. However, product-specific duties, like those on steel and cars, remain in place.
US Treasury Secretary Bessent said the administration favors early negotiators. He emphasized that countries engaging quickly may secure better terms under this system.
President Trump also called Acting President Han Duck-soo to propose a broader discussion. He suggested linking tariffs with defense costs, LNG deals, and joint infrastructure projects.
Despite the suggestion, Korean officials rejected a package deal that includes military cost-sharing.
Prime Minister Han stated Korea will focus on energy, trade balance, and shipbuilding. He stressed easing the strain on key sectors like autos, components, steel, and aluminum.
