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3 President Lee, en route to Canada, had expressed determination to ensure that Korea would not be placed at a disadvantage in tariff negotiations. Yet with the U.S. tariff exemption set to expire on July 8, Seoul must now postpone urgent discussions.
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4 There remains a chance for the first Lee-Trump summit to take place at the NATO summit in the Netherlands on June 24 and 25. However, uncertainty surrounds Trump??s attendance, and the Korean presidential office is also weighing whether to participate. Given Trump??s preference for top-down diplomacy based on personal rapport, it is advisable for President Lee to attend if Trump confirms his participation.
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1 A scheduled first summit between President Lee Jae-myung and U.S. President Donald Trump was unexpectedly canceled after Trump abruptly returned to the United States during the Group of 7 (G7) summit in Canada. President Lee, who had planned for bilateral talks on June 17, was left without the opportunity to address pressing trade and security issues.
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2 The Korean government had hoped the summit would mark a turning point in addressing key trade disputes and security cooperation. National Security Adviser Wi Sung-lac noted that such cancellations are not uncommon during multilateral summits, and that Washington had communicated its regrets. Still, the optics are puzzling. Before departing, Trump met with the leaders of Canada, Britain and Japan, focusing heavily on trade.