Politics7/29/2025Bloomberg

Korea Officials Hold Tariff Talks With Lutnick as Deadline Looms

South Korean officials held critical trade talks with US Commerce Secretary Howard Lutnick in Washington, as a looming deadline threatens to escalate tariffs on Korean exports. The negotiations come just days before a crucial deadline, where a potential increase in sweeping tariffs on Korean goods could take effect. The high-level discussions aim to find a resolution and prevent the tariff hike, which would significantly impact the Korean economy. Both sides are engaged in last-minute efforts to reach an agreement and avoid the escalation of trade tensions between the two countries. The outcome of these talks will have significant implications for the future of economic relations between South Korea and the United States.

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