Seoul: South Korea will consider its response in a way that "best serves national interests," its presidential office Cheong Wa Dae stated, after the U.S. Supreme Court struck down the Trump administration's global tariffs.
According to Yonhap News Agency, the high court upheld a lower court's ruling against U.S. President Donald Trump's use of the 1977 International Emergency Economic Powers Act (IEEPA) to justify duties, including "reciprocal" tariffs on South Korea and other countries. This decision has fueled expectations that Washington might have to initiate a complex tariff refund process.
The presidential office mentioned that the South Korean government will examine the contents of the U.S. Supreme Court ruling and the U.S. government's position comprehensively. They will consider how to respond in a direction that aligns with the national interest.
A Cheong Wa Dae official indicated that relevant government ministries might be required to share information and discuss possible response measures, hinting at a potential interagency meeting.
The Trump administration is anticipated to seek workarounds or other legal means to maintain the levies. It has already imposed reciprocal tariffs of 15 percent on South Korean products, reduced from 25 percent after a bilateral deal where Seoul committed to investing US$350 billion in the United States, among other pledges, in exchange for the tariff reduction.