The U.S. Supreme Court has delivered a significant check on White House trade authority — and America's trading partners, including South Korea, are now recalibrating. On Friday, February 20, the Court struck down the ability of the Trump administration to implement tariffs to regulate imports under the International Emergency Economic Powers Act (IEEPA).

While the decision strikes down the tariffs imposed under the April 2 “Liberation Day” announcement, the administration's underlying trade ambitions remain. Tariffs levied through IEEPA have been a cornerstone of the administration’s policies to reshore U.S. manufacturing, raise government revenue, and bilateral trade- and investment deal negotiations, including with Korea. What are some trade policy tools available to administration to achieve its objectives, following the Supreme Court ruling? How could this ruling impact investments made in the United States under the reciprocal tariff regime? What is the outlook for the trade deals negotiated between the United States and some of its major trading partners including Korea, Japan, and the EU? What emphasis might this now place on existing tariffs under Section 232 and other available provisions?

Join the Korea Economic Institute of America (KEI) for a reactive discussion on what lies ahead for U.S. national economic policy after the Supreme Court ruling and how it affects U.S. trading and investment relationships with some of Washington’s largest economic partners.

[KEI is registered under the FARA as an agent of the KIEP, a public corporation established by the government of the Republic of Korea. Additional information is available at the U.S. Department of Justice, Washington, DC.]