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

South Koreas Industry Minister Ahn Duk-geun said Seoul will approach trade negotiations with the United States calmly and cautiously, emphasizing a strategic stance as discussions move forward. Speaking to reporters

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