The U.S. wants South Korea to join efforts to counter China's growth in shipbuilding via potential cooperation in the sector, a senior official from Seoul's trade ministry said on Friday.

SEOUL] South Korea’s top trade official said negotiations with the US on tariffs have entered a critical phase, after wrapping up meetings in Washington and returning to Seoul late Thursday (Jul 10).

In 2018, South Korea handed President Donald Trump the first trade victory of his administration. Under the agreement, new South Korean steel export restrictions were put in place and more U.S. automakers could export their cars to South Korea.

South Korea was one of the first countries to start U.S. trade talks when both sides agreed in April to craft a package aimed at removing tariffs, but it is now seeking an extension to the 90-day pause on 25% tariffs set to expire on July 9.

President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.

President Donald Trump has his first trade deal. Senior US officials on Tuesday gave details on an agreement in principle with South Korea to revise a trade deal that originally went into effect ...

Trump said on Tuesday that South Korea should be paying for its own military protection, suggesting the US ally needed to pay more for the US troop presence there, a day after the tariff announcement.