Advisory on U.S. Trade Issues

Advisory Services for Tariff and Trade Issues in Preparation for the U.S. Trump Round

Advisory Services for Tariff and Trade Issues in Preparation for the U.S. Trump Round

In response to trade measures and tariff policy changes under the Trump administration,
we minimize risks for exporting companies and support their strategies for entering the U.S. market.
Consulting Areas
Advisory Services on U.S. Trade Issues

The Expansion of Protectionism
and the Transformation of the Global Trade Order

The United States has long led the WTO, emphasizing free trade and fair competition to nations worldwide, and actively supported China's accession to the WTO in 2001. After joining the WTO, China leveraged its low-cost labor to become the “world's factory” and experienced rapid growth.

As low-cost Chinese products flooded in, developed nations, including the U.S., began imposing regulations like raising tariffs on China to protect their industries. However, as U.S. restrictions tightened, China shifted its low-cost offensive to European and South American markets, triggering a domino effect of protectionist winds spreading globally.
WTO Framework and China
Accession in 2001 and Rapid Growth
Becoming the World’s Factory
Low-Cost Expansion and Market Penetration
Regulatory Measures and Domino Effect
Global Spread of Protectionism

President Trump Announces Executive Order

On April 2, 2025, U.S. President Trump declared that foreign trade and economic practices had caused an emergency in the United States. He issued an executive order imposing retaliatory tariffs to strengthen America's international economic position and protect its workers.
2025년 4월 2일, 트럼프(Trump) 미국 대통령은 외국 무역 및 경제 관행이 미국의 비상사태를 초래했다고 선언하면서, 자국의 국제 경제적 지위를 강화하고 자국 근로자를 보호하기 위한 대응 관세를 부과하는 행정명령을 발표했습니다.
Invocation of the International Emergency Economic Powers Act (IEEPA)
In this announcement, President Trump declared that he was exercising the authority granted by the International Emergency Economic Powers Act (IEEPA) to address a national emergency caused by massive and persistent trade deficits resulting from a lack of reciprocity in trade relations, currency manipulation by other nations, and harmful policies such as excessive value-added taxes (VAT).

Key Pillars of Trump’s Tariff and Trade Policy

2025년 4월 2일 트럼프(Trump) 미국 대통령은 외국 무역 및 경제 관행이 미국의 비상사태를 초래했다고 선언하면서, 자국의 국제 경제적 지위를 강화하고 자국 근로자를 보호하기 위한 대응 관세를 부과하는 행정명령을 발표했습니다.

Universal Additional Tariff

01
Imposes a baseline 10% additional universal tariff on all countries.

Reciprocal Tariffs

02
Applies differentiated (reciprocal) tariff rates based on each country’s trade barriers against the United States, including tariffs, non-tariff barriers, and exchange rate policies.

America First Policy

03
Imposes a baseline 10% additional universal tariff on all countries.
Accordingly, Korean exporting companies are expected to face significant challenges in entering the U.S. market.

Key Response Solutions

Consequently, Korean exporters are expected to face significant challenges entering the U.S. market. In this regard, the Korea FTA Origin Research Association Inc., as Korea's premier group of customs and trade experts, provides comprehensive solutions for the following issues:
U.S. import customs clearance regulations and tariff rate application issues
U.S. customs valuation and HS commodity classification issues
U.S. non-preferential origin rules issues
USMCA (formerly NAFTA) origin rules issues
Korea-U.S. FTA international origin verification issues
Korean Study Group on the FTA Rules of Origin
Business Registration Number: 228-82-02261
Representative: Taibok Lee
Tel. Kicheol Na 010-2247-3751
Email: fta@ftaro.co.kr
Address: Suite 1003–1004, 76 Yeonmujang-gil, Seongdong-gu, Seoul, Republic of Korea
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