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Briefings US tightens Section 232 tariffs, reshaping South Korea’s export exposureNew system simplifies compliance but expands enforcement scope, creating uneven sectoral impacts for Korean firms South Korea’s Ministry of Trade, Industry and Resources (MOTIR) said on Monday that recent U.S. changes to Section 232 tariffs on steel, aluminum and copper derivative products are expected to ease administrative burdens for firms while producing varied effects across industries. The revised system, which takes effect at 00:01 a.m. (EST) on April 6, shifts the tariff calculation method from the value of metal content within a product to its full customs value, a move the ministry said would simplify compliance, particularly for small and mid-sized companies. MOTIR added that the number of items subject to Section 232 tariffs on © Korea Risk Group. All rights reserved. |





