Headline: US reaffirms the 15 percent tariff ceiling for Korea
TOP STORY
Following Trade Minister Yeo Han-koo's meeting with USTR Jamieson Greer in Paris, Washington confirmed no tariffs beyond the levels agreed in last year's bilateral deal (15 percent, down from 25, in exchange for Korea's $350 billion investment pledge).
TRADE & TARIFF
Effective June 8, Section 232 tariffs on Korean metal-content goods are capped at a maximum 15 percent including base duty, aligning metals treatment with the bilateral framework.
BCW TAKE
The tariff ceiling is holding. Firms with Korea exposure should map supply chains against the probe's scope now, not after a determination lands. Nvidia's Jensen Huang meetings with Korean executives continue to lift AI and robotics tie-up expectations.
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