Urgent Diplomatic Moves Amid Tariff Threats

In response to U.S. President Donald Trump's warning of imposing up to 35% reciprocal tariffs on allies, South Korea's Trade Minister Yeo Han-koo is making an urgent visit to the U.S. This move aims to secure a 'sincere negotiator' status and discuss participation in the Alaska LNG project, highlighting Korea's proactive stance in trade negotiations.

Strategic Alaska LNG Project Participation

The Alaska LNG project, aiming to export 20 million tons of LNG annually by 2030, has seen interest from Taiwan and Thailand. South Korea is keen to join, fearing missed opportunities. A government official emphasized the project's priority to President Trump, underscoring its strategic importance.

Negotiation Strategies and Expectations

With the Korea-U.S. Free Trade Agreement already minimizing tariffs, South Korea plans to leverage shipbuilding and defense industry cooperation in negotiations. Despite previous proposals not meeting U.S. expectations, Korea is preparing an improved offer, aiming for a deferral on reciprocal tariffs and continued trade discussions.