Seoul, July 28 -- As the deadline for US-Korea trade negotiations approaches on August 1, Seoul is making all efforts to finalise a tariff agreement with Washington, reports Korea Herald.

Finance Minister of Korea, Koo Yun-cheol, is scheduled to meet US Treasury Secretary Scott Bessent on Thursday, to prevent a looming 25 per cent tariff on Korean exports, to be imposed from August 1, in the absence of a deal, particularly on automobiles.

The high-level meeting was rescheduled from Friday and will likely take place at the US Treasury Department. Initially, Trade Minister Yeo Han-koo and US Trade Representative Jamieson Greer were expected to meet, but the US requested a delay, according to reports in the Korea Herald.

South Korean trad...