Overview
- Yeo has pledged pragmatic negotiations centered on South Korea’s national interests to secure mutual gains on tariffs and non-tariff measures.
- He will meet USTR Jamieson Greer and Commerce Secretary Howard Lutnick this week to discuss steel and auto tariff levels, non-tariff barriers and potential adjustments to U.S. investment incentives.
- Seoul and Washington aim to finalize a package deal covering tariffs, non-tariff measures and economic cooperation by July 8, when the suspension of reciprocal duties is set to expire.
- Yeo suggested the July 8 deadline may shift due to fluid political and economic conditions in the United States.
- South Korea plans to press U.S. officials on easing restrictions on American beef imports and convey industry concerns about possible limits on chipmakers operating in China.