Seoul, July 24 (IANS) The South Korean government said on Friday that the United States has reaffirmed its commitment to honouring the existing Seoul-Washington tariff agreement regarding newly announced Section 301 tariffs on trading partners.”We have requested that the U.S. side comply with the Korea-U.S. trade agreement,” said the Ministry of Trade, Industry and Resources in a statement, referring to the tariff agreement reached last year that set reciprocal tariffs on South Korean goods at 1…
Latest Section 301 tariffs News & Updates
Washington, Feb 23 (IANS) US Treasury Secretary Scott Bessent has sought to shift the spotlight away from whether the Trump administration will refund nearly $134 billion collected under now-invalidated emergency tariffs, saying that the Supreme Court’s decision was “very narrow” and that the White House is moving quickly to new tariff authorities that keep 2026 revenue projections “unchanged”. In an interview with the CNN on Sunday, Bessent rejected the premise that refunds are the central issu…