First-day talks between Korea, US end without tariff agreement

First-day talks between Korea, US end without tariff agreement

Industry Minister Kim Jung-kwan said Thursday that he and U.S. Commerce Secretary Howard Lutnick concluded the first day of their talks over renewed tariff tension between the two countries without an agreement but they agreed to meet again the next day. Kim and Lutnick held the meeting in Washington, three days after Trump threatened to increase reciprocal tariffs and auto, lumber and pharmaceutical duties on South Korea to 25 percent from 15 p…