South Korea and the United States agreed to craft a trade package aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation said after the first round of trade talks in Washington.

US Treasury chief Scott Bessent says talks are ‘moving faster than I thought’, and technical terms could be discussed as early as next week.

South Korea has proposed a “package deal” to Washington to avoid U.S. President Donald Trump’s steep tariffs, its finance minister said Friday, which U.S. Treasury Secretary Scott Bessent said could bring a trade “understanding” by next week.