South Korea’s Ministry of Trade, Industry and Resources (MOTIR) said it would work closely with domestic industries to limit the impact of new U.S. tariffs on certain advanced semiconductors, after President Donald Trump invoked national security powers to impose a 25% duty on a narrow category of chips. MOTIR convened an emergency public-private meeting last Thursday, saying the immediate effect on South Korean firms was expected to be limited given the scope of the measure and multiple exemptions tied to end use.

Under the U.S. proclamation, the tariff applies to certain advanced computing chips and derivative products but excludes imports