Seoul: U.S. President Trump's recent warning to increase tariffs on South Korean goods should not be perceived as a rupture in the trade agreement between the two nations, according to South Korea's Foreign Minister Cho Hyun. This statement comes amid concerns in Seoul, following Trump's social media announcement to potentially raise tariffs from 15 percent to 25 percent, which has caused unease among South Korean officials.

According to Yonhap News Agency, Foreign Minister Cho addressed these concerns during a panel discussion with the local press. He assured that Trump's warning is part of the implementation process of the trade deal, rather than a sign of its failure. Cho emphasized the importance of taking appropriate measures and thoroughly explaining the situation to U.S. counterparts to resolve the issue.

Cho's comments were made in response to questions regarding whether an increase in tariffs would signify a breakdown in trade relations. He clarified that the current situation should be viewed as a consultation process to ensure the proper execution of the existing agreement, rather than as a renegotiation effort. The deal, established after summits between Trump and South Korean President Lee Jae Myung, involves South Korea investing $350 billion in the U.S. in exchange for reduced tariff rates.

Further complicating the situation is the delay in implementing the investment package due to the depreciation of the Korean won, as noted by Finance Minister Koo Yun-cheol. The investment process may not commence in the first half of the year due to these financial challenges.

Cho also addressed the evolving nature of U.S. communication, suggesting that South Korea must adapt to President Trump's sudden social media announcements and the changing dynamics of U.S. decision-making.

On a related note, Cho dismissed the notion that resumed dialogue with North Korea would shift towards recognizing it as a nuclear state, reaffirming the joint goal of denuclearization shared by South Korea and the U.S.

Additionally, Cho expressed a positive outlook on South Korea potentially joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, despite potential challenges for domestic industries. He highlighted the importance of adapting to the changing economic landscape and seeking new market opportunities.