Under the U.S.-South Korea trade agreement, if KORUS or MFN tariff rates are below 15 percent, the difference between the baseline and the rate is added; if the MFN or KORUS rate is above 15 percent, no additional Section 232 rates are applied.

Authors

• Person: Inu Manak, Allison J. Smith Organization: Council on Foreign Relations
  Tracking Trump's Trade Deals | Council on Foreign Relations

Sources

• Tracking Trump's Trade Deals | Council on Foreign Relations www.cfr.org Inu Manak, Allison J. Smith · Council on Foreign Relations via serper

Referenced by nodes (2)

• Free Trade Agreements concept
• Section 215 concept