Tariff pain looms for South Korea after US talks hit deadlock

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South Korea faces potential tariff pressure from the US after trade talks in Washington last week ended without a resolution. South Korean Trade Minister Kim Jung-kwan's meetings with US Commerce Secretary Howard Lutnick failed to produce an agreement, raising concerns in Seoul about prolonged negotiations. Kim stated that while understanding improved, his trip fell short of delivering the promised amicable solution. He attributed delays in implementing a previous agreement to scheduling issues within South Korea's National Assembly. The lack of progress raises uncertainty regarding trade relations between the two countries, potentially extending until after the US midterm elections.
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