The Trump administration has been saying that the two countries are engaged in talks to resolve the dispute, but Beijing asserts that no such discussions are happening.

Trade agreements are expected in three to four weeks, said US President Donald Trump in an interview with "Time" magazine. He noted that the United States is in talks with China about a customs agreement,

South Korea's Industry Minister Ahn Duk-geun said on Saturday that Seoul plans to approach trade talks with the United States "calmly and cautiously."

U.S. Treasury Secretary Scott Bessent was encouraged by "productive" early trade talks with Japan and South Korea this week, the Treasury said in a statement on Friday. In a readout issued a day after the bilateral meeting in Washington with Japanese Finance Minister Katsunobu Kato,

The Office of the US Trade Representative (USTR) said that South Korea and the United States agreed to seek "expedient and meaningful" progress toward "reciprocal and balanced" trade during a bilateral meeting in Washington the previous day.