GLOBAL ECONOMY

Global Economy

U.S. Tariffs: Even if the Law Changes, Tariffs Do Not Stop

Amid a multi-layered structure where Sections 122, 301, and 332 operate simultaneously following the ruling against IEEPA's illegality, customs clearance strategies for South Korean companies remain a work in progress. The tariff war intensified by the Trump administration after returning to power in January 2025 has reached the present day through five structural shifts over the past 15 months: imposition, suspension, hikes, negotiations, illegality rulings, and alternative legislation.