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IEEPA Tariff Refunds on South Korean Imports

IEEPA tariffs up to 25% on South Korean imports have been struck down. Recover duties paid on electronics, vehicles, and steel.

25%

Peak IEEPA Tariff Rate

$5B+

Estimated Refund Pool

#6

U.S. Trade Partner Rank

South Korean Imports Under IEEPA

South Korea, a major U.S. trade partner, was subject to IEEPA tariffs of up to 25%. Korea's export strengths — semiconductors, vehicles, steel, electronics, and petrochemicals — are all high-value categories that generated significant per-entry duty amounts for U.S. importers.

Semiconductors and Electronics

South Korea is the world's second-largest semiconductor producer. U.S. companies importing Korean memory chips, displays, and electronic components paid IEEPA tariffs on already-premium products. The technology supply chain impact was significant, and recovery amounts for major importers can be substantial.

Vehicles and Steel

Korean vehicle and steel imports represent significant trade volumes. IEEPA tariffs on top of existing trade measures created a compounding duty burden. With the IEEPA portion now refundable, importers of Korean vehicles and steel should prioritize filing to recover these costs.

Top Product Categories from South Korea

Semiconductors and displays
Vehicles and auto parts
Steel and metals
Petrochemicals
Machinery
Consumer electronics

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