Washington: South Korea's Industry Minister Kim Jung-kwan met U.S. Commerce Secretary Howard Lutnick for the second consecutive day to address U.S. President Donald Trump's recent threat to raise "reciprocal" and other tariffs on South Korea.

According to Yonhap News Agency, Kim and Lutnick also met the previous day, but their talks concluded without an agreement. The meeting was prompted by President Trump's warning on Monday to increase reciprocal tariffs and auto, lumber, and pharmaceutical duties on South Korea from 15 percent to 25 percent. This threat is attributed to delays in Seoul's legislative procedures supporting the implementation of the trade deal.

"I will do my best," Kim told reporters when asked about the key agenda items for the talks. He is expected to emphasize Seoul's commitment to fulfilling its investment pledge under a bilateral trade agreement initially struck in late July and finalized months later.

Under the terms of this agreement, South Korea has committed to investing US$350 billion in the United States, among other commitments, in exchange for the U.S. reducing reciprocal tariffs on South Korea.

During his stay in Washington, Kim also plans to meet with other senior officials of the Trump administration, including Energy Secretary Chris Wright.