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 are lifted in July, Seoul's delegation said after the first round of trade talks in Washington.

South Koreas Industry Minister Ahn Duk-geun said Seoul will approach trade negotiations with the United States calmly and cautiously, emphasizing a strategic stance as discussions move forward. Speaking to reporters

South Korea is counting on cooperation with the White House to reach an agreement on tariffs. The fourth-largest economy in Asia aims to finalize an agreement with Donald Trump by July 8, reports CNBC.