South Korea Urges U.S. to Consider Economic Contributions Amid Tariff Concerns

South Korea’s acting President and Finance Minister Choi Sang-mok and U.S. Treasury Secretary Scott Bessent discussed trade, investment, and foreign exchange policies in a video call, the South Korean finance ministry said Friday. The conversation comes as Seoul raises concerns over U.S. President Donald Trump’s push for broad tariffs.

Choi urged Bessent to recognize South Korea’s contributions to the U.S. economy when shaping policy decisions. The appeal follows growing fears that Trump’s proposed tariffs on steel, aluminum, and other imports could impact South Korean exporters.

As a key global exporter and a major U.S. trading partner, South Korea is seeking exemptions from these tariffs. Last week, a delegation of South Korean officials traveled to Washington to request relief from reciprocal trade restrictions, emphasizing the country’s role in strengthening economic ties and supporting U.S. industries.

South Korea has long been a significant investor in the U.S., with companies contributing to job creation and supply chain stability. However, Trump’s trade policies have heightened uncertainty, prompting Seoul to push for reassurances on fair treatment.

The ongoing discussions highlight the delicate balance in U.S.-South Korea economic relations as both nations navigate shifting trade dynamics. Seoul continues to advocate for policies that promote mutual growth while mitigating risks from potential protectionist measures.