South Korea's Industry Minister Kim Jung-kwan and top trade envoy Yeo Han-koo will meet U.S. Commerce Secretary Howard Lutnick in Washington again on Friday in a bid to move closer to a deal on tariffs,

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,

South Korea’s top economic, trade, and foreign affairs officials have converged on Washington, D.C., in a last-ditch effort to finalize a trade agreement with the United States before President Donald Trump’s August 1 deadline for imposing 25% reciprocal tariffs.