South Korean Finance Minister pledges to resolidify alliance with US

IANS April 22, 2025 336 views

South Korean Finance Minister Choi Sang-mok is traveling to Washington for critical trade negotiations with the Trump administration. The talks aim to address recent tariff challenges and potentially reset the economic alliance between the two countries. Choi will participate in high-level "2+2 trade consultations" alongside key US officials. These discussions are particularly crucial given South Korea's export-dependent economy and the potential impact of US trade policies.

"I will return after opening the door for discussions on resolidifying the alliance" - Choi Sang-mok
Seoul, April 22: South Korean Finance Minister Choi Sang-mok said Tuesday that his upcoming trade talks with the Donald Trump administration will help pave the way for renewed discussions on strengthening the South Korea-US alliance.

Key Points

1

South Korea faces 25% US tariffs threatening export-driven economy

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High-level trade talks aim to reset bilateral economic relations

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Choi accompanied by Industry Minister Ahn Duk-geun

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Negotiations include Treasury and Trade Representatives

Choi, who doubles as deputy prime minister for economic affairs, made the remark as he headed to the United States for talks over various issues, including the US' new tariff schemes that include 25 per cent country-specific import duties for South Korea, Yonhap news agency reported.

"I will return after opening the door for discussions on resolidifying the alliance between South Korea and the United States," Choi told reporters at Incheon International Airport, just west of Seoul, before departing for Washington.

Choi is scheduled to attend a series of key economic meetings in the US capital, including the meeting on US tariffs that will mark the first high-level trade talks between the two allies since Trump took office in January.

He will be accompanied by Industry Minister Ahn Duk-geun for what the government has described as "2+2 trade consultations."

The high-level talks, set for Thursday (US time), will also include US Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer.

Earlier in the day, the ministry said the agenda for the 2+2 trade consultations is still being coordinated with the US side and has not been finalised.

South Korea is among the first countries to hold trade negotiations with Washington following the Trump administration's implementation of reciprocal tariffs on all its major trading partners. Seoul, whose economy relies heavily on exports, was hit with a 25 per cent tariff, temporarily lowered to 10 per cent for a 90-day period.

Reader Comments

J
James K.
This is a crucial moment for SK-US relations. Hope Minister Choi can negotiate some relief from those tariffs. Our export-driven economy can't afford long-term trade barriers. 🇰🇷🤝🇺🇸
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Sarah L.
Interesting to see how this plays out. The Trump administration has been unpredictable on trade, but Korea has always been a strong ally. Fingers crossed for positive outcomes!
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Minho P.
While I support strengthening alliances, I'm concerned about the 2+2 format. Shouldn't there be more transparency in these negotiations? The public deserves to know what's being discussed when it affects our economy so directly.
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Alicia T.
The temporary tariff reduction gives some breathing room, but 90 days goes by fast. Hope they can reach a lasting agreement that benefits both nations. Trade wars help no one in the long run.
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David R.
Smart move sending both Finance and Industry ministers. Shows how seriously Korea is taking this. The US team looks strong too - hopefully they can find common ground.

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