The Democratic Party of Korea, the government, and the Blue House will hold a trade issues review meeting on the 22nd to discuss responses to the U.S. Supreme Court's ruling that the reciprocal tariff is unlawful.
That day at 8 p.m., the party, government, and Blue House will hold a tariff-related trade issues review meeting at the Korea Institute of Finance in Jongno-gu, Seoul, chaired by Blue House Policy Chief Kim Yong-beom and Office of National Security chief Wi Sung-lac.
Attending the meeting will be Democratic Party Floor Leader Han Byung-do, Policy Committee Chair Han Jeoung-ae, and Ruling Party Secretary to the Special Committee on the Special Act on U.S. Investment Jung Tae-ho. From the government, Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol, Minister of the Ministry of Trade, Industry and Resources Kim Jung-kwan, Office of the Minister for Trade chief Yeo Han-koo, and First Vice Minister of the Ministry of Foreign Affairs Park Yoon-joo are expected to attend.
The party, government, and Blue House plan to analyze the impact and prepare measures in connection with the U.S. Supreme Court's decision that the tariff imposition based on President Donald Trump's International Emergency Economic Powers Act (IEEPA) is unlawful.
After the ruling, President Trump announced that he would raise the global tariff to 15% based on the Trade Act. There is also speculation that the Trump administration could expand item-specific tariffs imposed on automobiles or steel, or take measures such as imposing tariffs on unfair policies of foreign governments.
Earlier, the Blue House held an interagency meeting on trade issues the previous day, chaired by Policy Chief Kim and Security Chief Wi, to seek responses.