
South Korea’s Envoy Presses U.S. Lawmakers to Ease Threat of New Tariffs
Read Our Expert Analysis
Create an account or login for free to unlock our expert analysis and key takeaways for this development.
By continuing, you agree to receive marketing communications and our weekly newsletter. You can opt-out at any time.
Recommended for you

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.

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.

U.S. Imposes 25% Duties on South Korean Imports After Legislature Delay
The White House announced a unilateral increase of duties on cars, medicines and timber from South Korea to 25% after Seoul’s parliament failed to ratify a bilateral pact. The move escalates trade friction, targets major exporters such as Hyundai, and arrives amid a pending U.S. Supreme Court review of executive tariff authority.

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.

Supreme Court Pause Extends Uncertainty Over Presidential Tariffs
The Supreme Court accepted a rapid schedule to resolve whether the president can impose emergency tariffs but has not yet issued an opinion, leaving markets and importers in limbo. The dispute hinges on whether a 1977 emergency economic statute grants the executive branch authority to levy tariffs — a ruling that will determine billions in collections and the balance of trade powers between Congress and the White House.

Senators Say U.S. Tariff Exemptions Favor Firms With White House Ties
Two senior Senate Democrats have demanded answers after alleging the administration carved out tariff relief behind closed doors for companies with political access. They ask trade and commerce officials to explain how exemptions are decided and how small businesses will be protected.
Tariffs, Resilience and Risk: Why U.S. Growth Has So Far Weathered Heavy Import Levies
A year after steep import duties were rolled out, growth has continued instead of collapsing as many forecast; negotiated rollbacks, exemptions and adaptive behavior from firms and foreign suppliers muted the immediate hit. Yet fresh data — including a sharp November swing in the goods deficit and accelerated rerouting of supply chains — underline that the resilience is conditional and could give way to higher prices, margin pressure and a more fragmented global trade landscape.

Trump-era tariff shock reshaped global trade — what comes next
A recent court decision removed one statutory route the White House used to impose targeted emergency tariffs, trimming a subset of the additional levies that followed 2024 policy moves. But sizeable remaining duties, large fiscal receipts and unresolved legal and operational questions mean higher-than-normal import costs and continued trade volatility for businesses and partners.