South Korea and the United States agreed to craft a package of deals 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.

South Korea is bracing for the impact of the Trump administration's tariffs, as reflected in its economic downturn and lowered growth forecast.

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