Oct 01, 2025 PM EDT - Jason

Tariff Deal or Standoff? Where U.S.-Korea Talks Stand After New White House Moves

After a summer of sweeping U.S. tariff actions, Seoul and Washington say they have a framework to cap most duties on Korean goods at 15%-but the fine print and timing are still in flux. The White House used both IEEPA reciprocal tariffs and Section 232 measures this year, while signaling partner-specific relief. A Congressional Research Service brief confirms that Washington lowered Korea's IEEPA "country rate" to 15% (effective Aug. 7)