Overview

• On June 25 and 26, Yeo Han-koo met with Reps. Jason Smith, Adrian Smith and Carol Miller to seek congressional support for stable business conditions for Korean firms.
• He met on June 23 with U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick to outline Seoul’s position on existing auto and steel tariffs.
• Seoul is pushing for full or partial exemptions from the 50 percent steel and 25 percent auto duties scheduled to resume on July 8.
• Yeo warned that the proposed 'One Big Beautiful Bill Act' would reduce electric vehicle tax credits under the Inflation Reduction Act, putting Korean exporters at a disadvantage.
• Both governments have agreed to package tariff and non-tariff measures into a comprehensive trade deal by the July 8 deadline.