What U.S.' tariff push means for Korea's semiconductor industry
U.S. Commerce Secretary Howard Lutnick’s recent comments on semiconductor tariffs were clear: Build in America, and you won’t pay. If not, expect to pay to enter what he called “the greatest market in the world.” He also pointed to the administration’s approach to pharmaceuticals as a model, with 100 percent tariffs on patented drugs, followed by 100 percent tariffs on generic drugs after two…
U.S. Commerce Secretary Howard Lutnick has emphasized the importance of manufacturing in America, warning that tariffs will be imposed on those who don't comply. This approach, similar to the administration's stance on pharmaceuticals with high tariffs on both patented and generic drugs, aims to encourage companies to relocate their production to the United States.
For Korea's semiconductor industry, which has been a global leader for decades, the question now is whether the U.S. will push tariffs to extreme levels to achieve this goal. With four decades of experience in trade and tariff disputes, it's clear that a government's commitment can quickly become a legal issue. The situation for Samsung Electronics, SK hynix, and Korea's semiconductor sector now faces the risk of escalating tensions.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- What U.S.' tariff push means for Korea's semiconductor industry koreatimes.co.kr
