South Korea and the United States agreed to craft a trade package aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation in Washington said after a first round of trade talks.

Here are some of the key issues that may be discussed during the South Korea-U.S. trade talks. South Korea faces looming reciprocal tariffs, which Trump set at 25%, as well as item-specific tariffs on products such as steel, autos and semiconductors.

The US and South Korea could reach an “agreement of understanding” on trade as soon as next week, Treasury Secretary Scott Bessent said Thursday, following talks between the two nations.