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U.S., South Korean trade officials discuss Inflation Reduction Act at APEC -U.S. statement


U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERS

U.S. Trade Representative Katherine Tai acknowledged Seoul’s concerns with the U.S. Inflation Reduction Act during a meeting with South Korea’s Trade Minister Ahn Dukgeun at the Asia-Pacific Economic Cooperation (APEC) summit in Bangkok, Tai’s office said on Friday.

“(They) reviewed the technical-level discussions within the ongoing engagement channel as the Treasury Department continues to develop guidance and implement all aspects of the law,” Tai’s office said in a statement.