
U.S. Imposes 25% Duties on South Korean Imports After Legislature Delay
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South Korea says trade deal intact after US court voids 15% tariff
A U.S. high-court ruling invalidated the emergency authority used to underpin a 15% reciprocal levy on some Korean exports, removing that specific surcharge. Washington has already pivoted to a temporary Trade Act route — a 10% Section 122 surchage with a built‑in 150‑day sunset — leaving legal and administrative uncertainty for exporters and prompting an urgent Seoul review led by Industry Minister Kim Jung-kwan.

South Korea’s Envoy Presses U.S. Lawmakers to Ease Threat of New Tariffs
South Korea’s top envoy held a series of meetings on Capitol Hill to argue against recently escalated U.S. trade measures and to seek exemptions or more targeted remedies for export-dependent industries. The outreach comes as Washington has tightened duties and pursued technology export controls, prompting Seoul to accelerate domestic measures to reassure investors and blunt relocation pressures.

South Korea to Fast-Track Investment Law as U.S. Tariff Risks Rise
Seoul is accelerating an investment facilitation bill to shore up foreign capital after the U.S. sharply raised tariffs on a range of Korean exports. The move aims to reassure multinational firms exposed to a new 25% duty on key goods while balancing speed with sufficient safeguards to maintain investor confidence.
Trump to impose 10% "global" tariff under Trade Act after Supreme Court setback
After a Supreme Court ruling that sharply limited the administration's use of an emergency trade statute, the White House signed an executive order invoking Section 122 of the Trade Act to place an immediate, economy-wide 10% surcharge on imports; the measure expires automatically after 150 days unless Congress acts. The levy stacks on existing Section 232 and Section 301 duties, complicating any large-scale refund effort, prompting new targeted 301 probes and rapid business and market reactions as firms and customs authorities sort out enforcement and recovery mechanics.
South Korea Begins $3 Billion U.S. Dollar Sovereign Bond Offering
Seoul has placed a $3 billion offering of U.S. dollar-denominated government bonds to tap international funding and manage external liquidity. The transaction signals active debt-management strategy amid global market volatility and will be watched for pricing, investor demand and effects on the currency and reserves.

Hyundai’s Quarterly Profit Falls Short as Ongoing Tariff Headwinds Bite
Hyundai reported quarterly results that undershot analyst forecasts, with trade duties and related costs eroding margins. The company is adjusting pricing and supply strategies, but near-term profitability will remain constrained until tariff uncertainty eases.

US Moves to Impose Nearly 133% Anti‑Dumping Duty on Russian Palladium After Sibanye Stillwater Appeal
The US Commerce Department has signaled preliminary approval for steep anti‑dumping duties on Russian palladium imports, setting a provisional rate near 133%. The move follows a petition from Sibanye Stillwater and paves the way for a final ruling later in the year with broad implications for supply chains and pricing.

South Korea’s Export Engine Revives as Chip Orders Climb
South Korea’s outbound shipments have picked up, led by a rebound in semiconductor orders and improving memory prices. Equipment backlogs at toolmakers and clearer access to large end markets — notably easing regulatory constraints in China for some high‑end systems — help explain the momentum but also highlight persistent execution and supply‑chain risks.