South Korea Launches Task Force to Address U.S. Tariffs and Trade Talks

South Korea has launched a new government task force to negotiate U.S. tariffs and non-tariff trade barriers, aiming to protect key industries and strengthen bilateral cooperation. The initiative, announced Monday by the Industry Ministry, will also involve collaboration with the private sector.

The task force, led by newly appointed Trade Minister Yeo Han-koo, brings together officials across trade, energy, manufacturing, and investment. Yeo emphasized the urgency of the team’s mission, stating that U.S. tariffs have caused “great difficulties” for Korean businesses and consumers. The group will formulate a unified strategy in consultation with stakeholders to push for favorable terms.

President Lee Jae-myung, who took office following a June 3 snap election, has shifted from his earlier cautious stance on trade deals with the U.S. to a more proactive approach. After a recent phone call with U.S. President Donald Trump, both leaders reportedly agreed to pursue a mutually beneficial agreement.

South Korea is seeking exemptions from U.S. tariffs imposed under the Trump administration, which have impacted major Korean exports such as automobiles, steel, and semiconductors. These industries are vital to South Korea’s economy, and officials hope the task force can secure meaningful concessions through accelerated negotiations.

The task force’s launch signals Seoul’s renewed focus on strengthening economic ties with Washington while protecting its industrial competitiveness amid evolving global trade dynamics.