The End of Reciprocal Tariffs? 3 Inflection Points for Korea's Exports After the U.S. Supreme Court's IEEPA Ruling and Trump's Section 122 Pivot
On February 20, 2026, the U.S. Supreme Court struck down IEEPA-based reciprocal tariffs in a 6-3 ruling. Trump immediately imposed a 15% temporary surcharge on all imports under Section 122, leaving Korean exporters facing both a tariff refund opportunity and a new wave of trade uncertainty.