South Korea and the United States agreed to craft a package of deals aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation said after the first round of trade talks in Washington.

US Treasury chief Scott Bessent says talks are ‘moving faster than I thought’, and technical terms could be discussed as early as next week.

South Korea has proposed a “package deal” to Washington to avoid U.S. President Donald Trump’s steep tariffs, its finance minister said Friday, which U.S. Treasury Secretary Scott Bessent said could bring a trade “understanding” by next week.

The U.S. and South Korea had a "very successful" meeting on Thursday, Treasury Secretary Scott Bessent said, as the two countries opened trade talks with Seoul seeking a path to diminish the stiff tariffs President Donald Trump is angling to impose.

The US and South Korea could reach an “agreement of understanding” on trade as soon as next week, Treasury Secretary Scott Bessent said Thursday, following talks between the two nations.

South Korea is among three Asia-Pacific countries that have a comprehensive trade pact with the United States, eliminating nearly all tariffs between the two countries. It was fir