July 24, 2025

Washington: U.S. Commerce Secretary Howard Lutnick announced his upcoming meeting with South Korean negotiators in Washington, following the postponement of bilateral high-level trade talks originally scheduled for this week. The meeting comes amid increased efforts from Seoul to finalize a trade deal that could potentially eliminate or reduce the 25 percent “reciprocal” tariff threatened by the Trump administration, set to be enforced on August 1.

According to Yonhap News Agency, Lutnick’s remarks coincide with the visit of South Korea’s Industry Minister Kim Jung-kwan and Trade Minister Yeo Han-koo to Washington.