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South Korea cites MFN status to ease fears over US tariffs on semiconductors

By Jenny Lee ( August 7, 2025, 09:06 GMT | Insight) -- In the wake of US President Donald Trump’s plan for a sweeping 100 percent tariff on imported semiconductors, South Korea has swiftly reassured its tech sector that the country remains protected under a recent agreement with the US granting most-favored-nation status for chips and biopharmaceuticals. During a press briefing today, presidential spokesperson Kang Yu-jung said the government had secured a commitment from the US to apply the lowest available tariff rates to South Korean semiconductors, even if the US introduces steep duties across the board.In the wake of US President Donald Trump’s plan for a sweeping 100 percent tariff on imported semiconductors, South Korea has swiftly reassured its tech sector that the country remains protected under a recent agreement with the US granting most-favored-nation, or MFN, status for chips and biopharmaceuticals....

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