{"id":225737,"date":"2025-09-14T08:41:31","date_gmt":"2025-09-14T08:41:31","guid":{"rendered":"https:\/\/www.europesays.com\/us\/225737\/"},"modified":"2025-09-14T08:41:31","modified_gmt":"2025-09-14T08:41:31","slug":"industry-minister-us-commerce-secretary-meet-in-new-york-over-trade-deal","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/225737\/","title":{"rendered":"Industry minister, US commerce secretary meet in New York over trade deal"},"content":{"rendered":"<p>       <img decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/09\/rcv.YNA.20250826.PYH2025082607010001300_P1.jpg\" alt=\"Industry Minister Kim Jung-kwan (left) and US Commerce Secretary Howard Lutnick meet in Washington on Aug. 25. (Yonhap)\"\/>     Industry Minister Kim Jung-kwan (left) and US Commerce Secretary Howard Lutnick meet in Washington on Aug. 25. (Yonhap)  <\/p>\n<p>South Korean Industry Minister Kim Jung-kwan and US Commerce Secretary Howard Lutnick met in New York on Friday to hold follow-up talks on the two countries&#8217; trade deal reached in July, multiple sources said.<\/p>\n<p>Kim has been in the United States this week to iron out differences over the details of the trade agreement under which Korea will invest $350 billion in the US in return for Washington&#8217;s lowering of &#8220;reciprocal&#8221; tariffs on Korea from 25 percent to 15 percent.<\/p>\n<p>According to the diplomatic sources, Kim and Lutnick held talks at an undisclosed location in New York.<\/p>\n<p>&#8220;I don&#8217;t believe we are at a stage to announce an outcome,&#8221; one source said of the discussions.<\/p>\n<p>The trade agreement was reached in July and affirmed in broad terms during last month&#8217;s Washington summit between President Lee Jae Myung and US President Donald Trump.<\/p>\n<p>The details of the investment plan remain undecided, however, with Korea&#8217;s presidential chief of staff for policy, Kim Yong-bum, recently saying the two sides are at an &#8220;impasse.&#8221;<\/p>\n<p>Lutnick said in a CNBC interview Thursday that Seoul should either accept the bilateral framework trade deal from July or pay 25 percent tariffs.<\/p>\n<p>Korea&#8217;s presidential office said the next day that national interest will remain the top priority.<\/p>\n<p>&#8220;As President Lee Jae Myung said &#8230; (we) will not take part in negotiations that veer from rationality and fairness,&#8221; a presidential official said. (Yonhap)<\/p>\n","protected":false},"excerpt":{"rendered":"Industry Minister Kim Jung-kwan (left) and US Commerce Secretary Howard Lutnick meet in Washington on Aug. 25. (Yonhap)&hellip;\n","protected":false},"author":3,"featured_media":225738,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,6466,6467,6463,6462,2860,405,403,5226,5225,5228,5227,6464,6465,6461,67,586,132,5230,68,2969,6469,6470,6468],"class_list":{"0":"post-225737","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-asia-news","10":"tag-k-pop","11":"tag-koreaherald","12":"tag-korean-news","13":"tag-kpop","14":"tag-new-york","15":"tag-new-york-city","16":"tag-newyork","17":"tag-newyorkcity","18":"tag-ny","19":"tag-nyc","20":"tag-south-korea-news","21":"tag-south-korea-news-in-english","22":"tag-the-korea-herald","23":"tag-united-states","24":"tag-united-states-of-america","25":"tag-unitedstates","26":"tag-unitedstatesofamerica","27":"tag-us","28":"tag-usa","29":"tag-6469","30":"tag-6470","31":"tag-6468"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115201761895181703","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/225737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=225737"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/225737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/225738"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=225737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=225737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=225737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}