South Korea Says US Trade Deal Still Intact After Tariff Ruling

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Trump’s Tariffs:South Korea said a US Supreme Court ruling striking down tariffs imposed under President Donald Trump’s emergency powers would not derail its broader trade agreement with Washington.

Industry Minister Kim Jung-kwan held an emergency meeting Saturday to assess the decision, which found tariffs imposed under the International Emergency Economic Powers Act unlawful. The ruling renders void the 15% reciprocal tariff currently applied to Korean goods, the Ministry of Trade, Industry and Resources said in a statement.