The two sides will reschedule the meeting between Treasury Secretary Scott Bessent and South Korean Finance Minister Koo Yun-cheol, as well as the top trade envoys of both countries, as soon as possible,

US President Trump stated his administration aims to finalise most trade deals by August 1, potentially sending tariff letters to nearly 200 countries.

Trade negotiations between South Korea and the U.S. have been delayed due to a scheduling conflict with the U.S. Treasury Secretary. As South Korea exhaustively attempts to create concessions to avoid significant tariffs,