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2026-02-21 11:56:51
[US Supreme Court Rejects Trump-Era Tariffs; South Korea Says It Won't Affect Bilateral Trade Agreement Framework] South Korea's Ministry of Trade, Industry and Energy stated that the US Supreme Court's rejection of the Trump administration's emergency powers to impose tariffs will not shake the overall framework of the South Korea-US trade agreement. After an emergency meeting on Saturday to assess the situation, the ministry pointed out that while the ruling invalidates the current 15% reciprocal tariffs applicable to South Korean goods, increasing uncertainty for exports to the US, the overall framework of export conditions guaranteed by the South Korea-US tariff agreement remains unchanged. South Korea pledged to take comprehensive measures to protect national interests and South Korean companies, and confirmed that other industry-specific tariffs imposed on automobiles and steel will not be affected by this ruling.
