South Korea

government

Last mentioned: 2d ago

Timeline

  1. Market Response

    KIEP and trade experts signal high uncertainty for South Korean exporters.

  2. Executive Pivot

    Trump signs new 10% global tariff order under Section 122 of the 1974 Trade Act.

  3. SCOTUS Ruling

    Supreme Court strikes down the use of IEEPA for trade rebalancing.

  4. Reciprocal Framework

    Trump administration implements reciprocal tariffs using IEEPA authority.

Stories mentioning South Korea 1

Regulation Bearish

SCOTUS Strikes Down Reciprocal Tariffs; Trump Pivots to Global 10% Levy

The US Supreme Court has invalidated the executive's use of the 1977 International Emergency Economic Powers Act for reciprocal tariffs, prompting an immediate shift to Section 122 of the 1974 Trade Act. This regulatory volatility is forcing South Korean trade experts and major corporations to reassess their long-term US investment and export strategies.

2 sources