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.

South Korea has proposed a “package deal” to Washington to avoid U.S. President Donald Trump’s steep tariffs, its finance minister said Friday, which U.S. Treasury Secretary Scott Bessent said could bring a trade “understanding” by next week.

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.