S. Korea, U.S. trade talks delayed due to U.S. treasury secretary's schedule

Alsharq Tribune-AFP 

Trade talks of South Korea and the United States scheduled for this week were delayed due to an urgent schedule of U.S. Treasury Secretary Scott Bessent, Seoul's finance ministry said Thursday.

The so-called "2+2" trade negotiations slated to be held in Washington on Friday (local time) were put off owing to Bessent's urgent schedule, and the U.S. side proposed to hold the talks in the near future, the South Korean Ministry of Economy and Finance said in the spokesman's statement.

Seoul and Washington planned to set a new date as quickly as possible for the talks between South Korean Finance Minister Koo Yun-cheol and Trade Minister Yeo Han-koo and U.S. counterparts Bessent and U.S. Trade Representative Jamieson Greer, the statement noted.

Yeo and Kim Jung-kwan, minister of trade, industry and energy, who already arrived in Washington, will have consultations with their U.S. counterparts as scheduled, the trade ministry said in a separate statement.

The U.S. reciprocal tariffs came into force on April 9 but were suspended for 90 days for negotiations before being halted again until Aug. 1.