Seoul: South Korea and the United States will organize commercial consultations this week in Washington during the suggestion of the United States, announced Sunday April 20, April 20.
The Minister of Finance Choi Sang-Mok and the Minister of Trade Ahn Duk-Geu will meet the representative of trade Jamieson Greer and the secretary of the Treasury Scott Bessent on the sidelines of the spring meetings of the International Monetary Fund and the World Bank, the ministry said in a statement.
South Korea hopes to lower 25% “Reciprocal” price President Donald Trump has announced for the country that he has since taken a break with high tariffs slapped on a series of countries.
Ahn will leave on Wednesday, the press release said. He did not specify the agenda or given other details.
In an interview with the Financial Times published on Saturday, the acting South Korean president Han Duck-Soo said that because of the historic support of Washington, Seoul “will not retaliate” against American prices, but will seek to find “solutions that are more winning for both”.
Han said that after the Korean War in the early 1950s, the United States gave aid in South Korea, technology transfer, investment and security insurance.
“Our industrial prowess and our financial development and our culture, our growth and our wealth are very due to the help of the United States,” he said.
