The United States imposes a 25% "equal tariff" on South Korean goods, and South Korea launches a sprint of tariff negotiations before the increase.

In the United States, before the so-called "equal tariff" of 25% on South Korean goods is scheduled to take effect on August 1, the South Korean government is intensifying efforts to advance the final stage of negotiations. Several South Korean media outlets reported on the 29th that South Korean Deputy Prime Minister and Minister of Strategy and Finance Joo Ho-young departed for the United States that day. He plans to hold talks with U.S. Treasury Secretary Janet Yellen in Washington on July 31 local time, in an effort to seek a tariff reduction plan before the final deadline.