Supreme Court Strikes Down Reciprocal Tariffs: 5 Variables Trump's Trade Act §122 Global Tariff Hike to 15% Poses for Korea's Exports
Just after the U.S. Supreme Court struck down IEEPA-based reciprocal tariffs in a 6-3 ruling, Trump invoked Trade Act §122 to impose a 10% global tariff worldwide and signaled a further hike to 15%. This analysis examines five key variables facing Korea's top export sectors — automobiles, semiconductors, and steel — under the new tariff regime.