Martial Arts Association: "Us Tariff restructuring... Korea, a Fta Partner, Will Strengthen Its Price competitiveness."
3 Articles
3 Articles
As the U.S. government's tariff policy is readjusted following the U.S. Supreme Court's ruling that reciprocal tariffs are illegal, analysis suggests that the competitiveness of Korean products under free trade agreements (FTAs) could be enhanced. According to the Korea International Trade Association on the 22nd, the U.S. tariff structure is expected to shift to a "most-favored-nation (MFN) tariff + 15% tariff under Article 122 of the Trade Act…
"Possibility of MFN tariff exemption through FTA conclusion"
The impact of the US tariff change from 'MFN + reciprocal tariff = 15%' to 'MFN + global tariff 15%' is expected to be reflected in the Trump State of the Union address on the 24th and the US NTE report next month. It is necessary to monitor trends such as the investigation and measures necessary to respond to the imposition of new US tariffs... and prepare for tariff refund practices.
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