▲ National Security Adviser Wi Sung-lac (L) and Kim Yong-beom, presidential chief of staff for policy, announce the results of tariff negotiations with the United States in a press briefing on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the southeastern city of Gyeongju in this file photo taken Oct. 29, 2025. (Pool photo) (Yonhap)

(LEAD) S Korea-US tariffs

(LEAD) Cheong Wa Dae, gov't, DP agree on swift passage of U.S. investment bill

(ATTN: RECASTS headline, lead; ADDS more info in paras 2-5)

SEOUL, Feb. 22 (Yonhap) -- Senior presidential, government and ruling Democratic Party (DP) officials agreed Sunday to push for the passage of a U.S. investment bill by March 9 as planned, a party spokesperson said.

The agreement was reached during a policy coordination meeting convened in response to the U.S. Supreme Court's decision to strike down U.S. President Donald Trump's global "reciprocal" tariffs.

"The party, government and presidential office share the view that the swift enactment of the special law on investment in the U.S. is in the best interest of our national interest, and we agreed to make every effort to ensure its passage by March 9 as agreed by the ruling and opposition parties," DP Rep. Mun Geum-ju said in a written briefing.

The meeting, led by Kim Yong-beom, presidential chief of staff for policy, and National Security Adviser Wi Sung-lac, took place after the top court ruled against the sweeping emergency tariffs Friday, which has prompted Trump to announce a new global tariff.

Other senior officials attended the meeting include Finance Minister Koo Yoon-cheol, Industry Minister Kim Jung-kwan, Trade Minister Yeo Han-koo and DP floor leader Han Byung-do.

The officials are expected to have discussed response measures to the Trump administration's follow-up steps to the court ruling as well as the status of South Korean investment projects in the United States.

Hours after Friday's ruling, Trump signed a proclamation to impose a temporary 10 percent global tariff under Section 122 of the 1974 Trade Act, which the White House said would take effect at 12:01 a.m. on Tuesday (Washington time).

On Saturday, Trump announced that he would raise the new global tariff rate to 15 percent in a Truth Social post.

The Trump administration had levied reciprocal tariffs of 15 percent on South Korean goods, down from an earlier 25 percent following a bilateral deal under which Seoul committed to investing US$350 billion in the U.S., among other pledges, in return for the tariff reduction.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]