On-point: S. Korea, U.S. to hold 2nd trade negotiations in Washington this week

The United States' 90-day tariff pause will end in about 50 days, which makes the upcoming trade negotiations between Seoul and Washington this week more timely than ever.

Let us turn to Professor Greg Buchak for more.

Welcome back.

1. The trade talks this time will focus on technical discussions on six areas related to trade.

They are trade imbalances, non-tariff measures, economic security, country of origin of products, and commercial considerations.

Why these areas, and were they expected?

Are these the areas that the U.S. has long been not too happy about?

2. Which of these areas will be pivotal in the upcoming discussions?

Will shipbuilding be included?

3. What do you think the U.S. really wants?

Will the U.S. side demand what it wants this time?

4. How much progress out of the talks will be considered tangible?

What should Team Korea aim for at the second round of negotiations this week?

5. What is the likelihood that the two sides may not settle things before the July 8th deadline?

Or will the two sides try their best to make it before then?

Thank you so much for your time and your insight this morning.

We appreciate it.