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Analysis South Korea’s tariff truce with US trades long-term risks for near-term calmSeoul’s $350 billion deal averts a liquidity crisis but leaves its semiconductor exports exposed to Section 232 tariffs South Korea’s new trade and investment agreement with the U.S. stabilizes immediate financial risks but exposes deeper uncertainties, as the two governments offered conflicting explanations about whether semiconductor tariffs were included in the final deal. While the Gyeongju summit agreement capped Seoul’s cash outflows and eased pressure on foreign exchange markets, Washington’s denial that chip duties formed part of the accord now raises the prospect of renewed confrontation as the U.S. prepares to impose value-based semiconductor tariffs under Section 232. © Korea Risk Group. All rights reserved. |





