The U.S. and South Korea had a "very successful" meeting on Thursday, Treasury Secretary Scott Bessent said, as the two countries opened trade talks with Seoul seeking a path to diminish the stiff tariffs President Donald Trump is angling to impose.

Here are some of the key issues that may be discussed during the South Korea-U.S. trade talks. South Korea faces looming reciprocal tariffs, which Trump set at 25%, as well as item-specific tariffs on products such as steel, autos and semiconductors.