SEOUL, June 24 (UPI) -- South Korea has asked to be exempted from all U.S. reciprocal and product-specific tariffs at the first high-level talks under the new administration of President Lee Jae Myung, Seoul's Trade Ministry said Tuesday.
Chief trade negotiator Yeo Han-koo held talks with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer in Washington on Monday.
During the meeting, Yeo "emphasized the importance of gaining exemption from reciprocal tariffs and product tariffs, such as automobiles and steel, and reaffirmed the will of both sides to reach a mutually beneficial agreement as soon as possible," the ministry said in a press release.
South Korea is facing 25% tariffs threatened by U.S. President Donald Trump as part of his sweeping package of "Liberation Day" trade measures. Trump announced the tariffs in April but quickly put their implementation on hold for 90 days -- a deadline that is approaching on July 8.
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