In response to the US Supreme Court's ruling striking down President Donald Trump's reciprocal tariffs, Cheong Wa Dae will hold a policy coordination meeting with the ruling party and government officials. The meeting, led by presidential chief of staff for policy Kim Yong-beom and National Security Adviser Wi Sung-lac, will include key ministers and the Democratic Party floor leader. The Trump administration imposed a 10 percent global tariff hours after the ruling and raised it to 15 percent the next day.
The US Supreme Court ruled on February 21, 2026 (US time) to strike down President Donald Trump's global 'reciprocal' tariffs, prompting the Trump administration to announce new tariff measures. In response, Cheong Wa Dae will hold a policy coordination meeting on Sunday, February 22, led by presidential chief of staff for policy Kim Yong-beom and National Security Adviser Wi Sung-lac, with ruling party and government officials.
Attendees include Finance Minister Koo Yoon-cheol, Industry Minister Kim Jung-kwan, Trade Minister Yeo Han-koo, and Democratic Party floor leader Han Byung-do. They are expected to discuss response measures to the Trump administration's follow-up actions after the court ruling, as well as the status of South Korean investment projects in the United States.
Hours after the ruling, Trump signed a proclamation imposing a temporary 10 percent global tariff on all countries under Section 122 of the 1974 Trade Act, effective at 12:01 a.m. on Tuesday, February 24 (Washington time). On Saturday, February 22, Trump announced via a Truth Social post that he would raise the tariff rate to 15 percent.
Previously, the Trump administration had imposed 15 percent reciprocal tariffs on South Korean goods, reduced from an earlier 25 percent following a bilateral deal finalized in October 2025. Under that agreement, Seoul committed to investing a total of US$350 billion in the US for cooperation in advanced industries and shipbuilding.
On the preceding day, February 21, Kim Yong-beom and Wi Sung-lac presided over an interministerial meeting to discuss the government's response. The government noted that while the 15 percent reciprocal tariffs are now invalid, the new 10 percent global tariff has been announced, and it will closely monitor additional US measures and responses from major countries. It also plans to work with business groups to provide timely information on refunds for duties already paid.
The National Assembly will proceed with the legislative process for a special bill on US investment as planned, with a hearing scheduled for Tuesday, February 24, and processing at a plenary session on March 5.