South Korea Says US Trade Deal Still Intact After Tariff Ruling

South Korea said a US Supreme Court ruling striking down tariffs imposed under President Donald Trump’s emergency powers would not derail its broader trade agreement with Washington.

Industry Minister Kim Jung-kwan held an emergency meeting Saturday to assess the decision, which found tariffs imposed under the International Emergency Economic Powers Act unlawful. The ruling renders void the 15% reciprocal tariff currently applied to Korean goods, the Ministry of Trade, Industry and Resources said in a statement.

“Although the ruling has heightened uncertainty over exports to the US, the overall framework of export conditions secured under the Korea-US tariff agreement ...