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U.S.-Korea Free Trade Agreement Text Made Public Providing Important Details on How Companies Can Capitalize on New Korean Market Access Opportunities

Client Alert | 1 min read | 06.04.07

The U.S. and Korean Governments have publicly released the text of the recently concluded U.S.-Korea Free Trade Agreement ("FTA"). The comprehensive 24 chapter agreement (over 1,000 pages) provides details on the schedule for the elimination of Korean tariffs on U.S. manufactured goods and agricultural products, new market access opportunities for U.S. financial and other service sectors, investment protection and Korean obligations to benefit U.S. companies in key sectors such as pharmaceuticals, autos, and intellectual property-related industries. The final legal text is scheduled to be signed on June 30 and then will be submitted to Congress for ratification. Our FTA team has been deeply involved throughout the entire negotiation process and is prepared to provide an in-depth analysis of the FTA and/or specific provisions which have an impact on your company's product or sector.

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Client Alert | 4 min read | 02.20.26

SCOTUS Holds IEEPA Tariffs Unlawful

On February 20, 2026, the Supreme Court issued a pivotal ruling in Trump v. V.O.S. Selections, negating the President’s ability to impose tariffs under IEEPA. The case stemmed from President Trump’s invocation of IEEPA to levy tariffs on imports from Canada, Mexico, China, and other countries, citing national emergencies. Challengers argued—and the Court agreed—that IEEPA does not delegate tariff authority to the President. The power to tariff is vested in Congress by the Constitution and cannot be delegated to the President absent express authority from Congress....

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