MEASURED, ORDERLY NEGOTIATIONSKorea's strategy, according to Choi, is driven by the need for “measured and orderly” negotiations, given the ongoing domestic political transition.“It is difficult to rush a final agreement given the legislative and regulatory processes involved,” he said.“Still, Seoul is determined to secure tangible progress before the current reciprocal tariff waiver expires on July 8.”Korea is set for an early presidential election on June 3, after former President Yoon Suk Yeol’s impeachment stemming from his short-lived martial law declaration on Dec.3, which triggered a sharp divide between his supporters and opponents for months.
NO DISCUSSION OF DEFENSE COST-SHARINGTrade Minister Ahn outlined Korea’s push for a reciprocal removal of tariffs in sectors such as energy security, particularly LNG, and shipbuilding – areas the US is keen to revitalize for its own economic growth.“We proposed mutually beneficial pathways, including sustainable trade practices and joint investment in US shipbuilding capacity,” Ahn said, hinting at alignment with the Trump administration’s broader industrial agenda.
The two sides also discussed broader economic security cooperation, including investment frameworks and currency policy, according to the Korean government.“Today we conveyed Korean people’s deep concerns over the reciprocal and itemized tariffs imposed by the US and reiterated Korea’s position as a trusted partner,” said Choi at a press briefing at the Korean embassy in Washington.
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