The Korean government is carefully gauging the latest developments in the U.S. tariff policy after the American Supreme Court struck down President Donald Trump’s “reciprocal” tariffs on trade partners, only for him to quickly counter with a fresh round of global duties. Although uncertainties have grown over the Korea-U.S. tariff agreement reached in November, Korea is determined to proceed with the plan to invest $350 billion in the U.S. At the same time, it is closely watching the possibility of the U.S. imposing separate item-specific levies on Korea’s key exports, such as semiconductors or pharmaceuticals. Following the court ruling early Saturday, Cheong Wa Dae, economy-related ministries and the foreign affairs ministry have held multiple emergency response meetings. The court ruled that Trump lacked authority under the International Emergency Economic Powers Act (IEEPA) to impose his sweeping tariffs, invalidating a broad set of levies he imposed last year, including the 15 percent tariff currently applied to Korea. But Trump soon imposed a 10 percent tariff, and the nex