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U.S. and South Korea Accelerate Tariff Talks Ahead of Key Election

Cho Tae-yul and Marco Rubio agree to expedite trade negotiations and reinforce alliance modernization as South Korea prepares for a leadership transition.

This file photo, provided by Seoul's foreign ministry, shows South Korean Foreign Minister Cho Tae-yul (R) and U.S. Secretary of State Marco Rubio (L) holding talks on the margins of an international security conference in Munich, Germany, on Feb. 15, 2025. (PHOTO NOT FOR SALE) (Yonhap)

Overview

  • South Korean Foreign Minister Cho Tae-yul urged the U.S. to conclude tariff negotiations before South Korea's June 3 presidential election to ensure a smooth political transition.
  • Both nations aim to finalize a 'July package' agreement addressing reciprocal tariffs, economic cooperation, and industrial policy before the July 8 deadline.
  • Secretary of State Marco Rubio reaffirmed U.S. commitments to extended deterrence and defense cooperation under the 1953 Mutual Defense Treaty.
  • Cho and Rubio agreed to modernize the alliance by integrating economic, technological, and security goals to address shared regional challenges.
  • Efforts are underway to ensure a prompt call between the incoming South Korean president and President Trump post-election to solidify bilateral coordination.