South Korea Says US Trade Talks Need to Continue Past Next Week

South Korean Trade Minister Yeo Han-koo

Photographer: Jean Chung/Bloomberg

South Korea sees the need for trade negotiations with the US to continue past next week’s deadline as Seoul continues to seek exemptions from US tariffs including duties affecting the auto and steel industries.

A senior South Korean trade official, who asked not to be identified discussing internal matters, said it was unrealistic to expect negotiations to wrap up before across-the-board tariffs are set to rise on July 9.