Search results for Section 232
Industry
U.S. to impose 15 percent tariff on polysilicon, key material for chips and solar
The United States will introduce minimum import prices and a 15 percent tariff on polysilicon, a key input for semiconductors and solar panels, to curb China-led supply chains and bolster domestic manufacturing. Minimum prices will apply to polysilicon, ingots, wafers, solar cells and modules, with the measures due to take effect on Dec. 4. The White House also allows the Commerce Department to create incentives supporting investment in U.S. production facilities.
Industry
South Korea says U.S. sets 12.5% \'forced labor\' tariff; next is overproduction
The United States has finalised a 12.5% tariff on South Korean products over forced labor, leaving 2.5 percentage points before a 15% cap set in last year’s trade agreement. The U.S. Trade Representative said the measure, imposed under Section 301, applies across 60 economies and takes effect on July 24. South Korea is in the first group with Japan and Switzerland. Seoul says the U.S. reaffirmed the 15% combined cap as a separate overproduction probe continues.
Finance
South Korean stocks shaken by U.S. Supreme Court ruling on reciprocal tariffs
South Korean shares fluctuated after the U.S. Supreme Court ruled the Trump administration’s reciprocal tariffs illegal, triggering a reassessment of trade risks. The KOSPI finished up 0.65 percent at 5,846.09 after briefly topping 5,900. The court voided a 15 percent reciprocal tariff, but Washington moved to impose a universal tariff. Analysts said downside risks eased for some sectors, while tariffs on autos and steel remain.
