South Korea will closely monitor additional U.S. measures and the trade environment after U.S. President Donald Trump signed an order to impose a new 10 percent “global tariff” on all countries following the U.S. Supreme Court’s ruling against his emergency tariffs, Cheong Wa Dae said Saturday. Kim Yong-beom, the presidential chief of staff for policy, and National Security Adviser Wi Sung-lac, presided over an interministerial meeting to discuss the government’s response after the U.S. high court ruled Friday (U.S. time) against Trump’s use of the International Emergency Economic Powers Act to justify the reciprocal tariffs and other duties. In a swift response to the court decision, Trump signed an order the same day imposing a new 10 percent global tariff on all countries starting Feb. 24 under Section 122 of the 1974 Trade Act. “Although the 15 percent reciprocal tariffs imposed by the U.S. have become invalid under the ruling, the U.S. administration has announced a 10 percent global tariff under Section 122 of the Trade Act,” presidential spokesperson Kang Yu-jung said in a writte
