10%, 12.5%, or 15%: Which U.S. Tariff Applies to Korean Goods? [GeXPs26-0819EN]
U.S. TARIFF UPDATE · KOREAN GOODS · SECTION 301 10%, 12.5%, or 15%: Which U.S. Tariff Applies to Korean Goods? A practical product-level guide for U.S. importers and Korean exporters. If you import a product from Korea, should you budget 10%, 12.5%, 15%, or something else? The answer cannot be determined from the shipping country alone. It depends on country of origin, the HTSUS classification, the normal MFN rate, exclusions, and any separate trade remedy. Bottom line: For non-excluded Korean goods covered by the new action, the additional Section 301 rate is generally adjusted so that the existing MFN rate plus the new Section 301 rate equals 12.5%. If the MFN rate is already 12.5% or higher, the new Section 301 rate is zero. Other duties can still apply. Why do 10%, 12.5%, and 15% all appear? 10% referred to the temporary Section 122 import surcharge that ran from February 24 through July 24, 2026. It should not automatically be carried into a post-July 24 calculation. 12...