• 2026.03.22 (Sun)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Business

Hankook Tire Joins Legal Battle for Tariff Refunds Ahead of U.S. Supreme Court Ruling

KO YONG-CHUL Reporter / Updated : 2026-01-29 07:16:51
  • -
  • +
  • Print

(C) Marketscreener


As the U.S. Supreme Court has yet to rule on President Donald Trump’s country-specific tariffs, South Korean companies continue to file lawsuits against the U.S. government seeking tariff refunds.

According to the U.S. Court of International Trade (USCIT) on the 28th (local time), the U.S. subsidiary of Hankook Tire filed a lawsuit against Customs and Border Protection (CBP) on the 26th. The company requested the court to declare the tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) illegal. Hankook Tire is seeking an injunction to prevent CBP from imposing further duties on its imports and a court order for a full refund of tariffs already paid.

Lower courts have previously ruled that the IEEPA-based tariffs are unlawful, and the case is now awaiting a Supreme Court decision. During oral arguments on November 5 last year, a majority of justices expressed skepticism toward the administration's legal defense, leading to speculation that the court might strike down the tariffs.

Hankook Tire stated in its complaint that even if the Supreme Court rules the tariffs illegal, there is no guarantee of a refund without an individual lawsuit. Similar lawsuits from global firms are mounting at the USCIT. Among Korean firms, Taihan Cable & Solution filed last month, while Hanwha Q CELLS and Samsung Electronics’ subsidiary Harman also filed but later withdrew.

Currently, all new refund-related lawsuits at the USCIT, including those by Hankook Tire and Taihan Cable, are automatically stayed. The USCIT issued an order on December 23 last year to suspend proceedings until the Supreme Court rules, noting that the Trump administration agreed not to oppose re-liquidation and refunds if the high court finds the tariffs unlawful. Nevertheless, companies continue to file to ensure their legal right to a refund.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #Globaleconomictimes
  • #Korea
  • #Seoul
  • #Samsung
  • #LG
  • #Bitcoin
  • #Meta
  • #Business
  • #Economic
  • #The Woori Bank
  • #Elon Musk
  • #C
KO YONG-CHUL Reporter
KO YONG-CHUL Reporter
Reporter Page

Popular articles

  • Ko Sang-goo, President of World Federation of Korean Associations, Elected as First Private Sector Chair of World Korean Community Leaders Convention

  • Revised and Expanded Edition of ‘Failure of Negotiations with North Korea: Truth and Solutions’ Published

  • Commentary That Douses the Joy of Victory: A Twisted Perspective

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065564929833259 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Appellate Court Begins Review of Kakao Founder’s Acquittal in SM Entertainment Stock Rigging Case
  • AI Supercycle Propels Global Semiconductor Market Toward $1 Trillion Milestone
  • Naver Suspends Election Comments to Combat Cyberbullying and Misinformation Ahead of June Polls
  • Lotte Town Myeongdong Lights Up with 'Welcome Light' to Greet Global K-Pop Fans
  • K-Beauty SMEs Join Forces with Distributors: A New Paradigm for Global Expansion through Strategic Consortiums
  • BMW ‘The New i3’ Next-Gen EV: 900km Range 

Most Viewed

1
An Open Letter to BTS On the Eve of a Historic Performance
2
From Industrial Capital to Tourism Mecca... Ulsan Makes a Bold Move with ‘Experiential Content’ in 2026
3
Ko Sang-goo, President of World Federation of Korean Associations, Elected as First Private Sector Chair of World Korean Community Leaders Convention
4
It is Time for BTS’s Fandom, ARMY, to Step Forward
5
Korean Stock Market Plunges: Circuit Breaker and Sidecar Triggered Amid Geopolitical Crisis
광고문의
임시1
임시3
임시2

Hot Issue

Netflix Declares BTS Comeback Live “ARIRANG” as the Year’s Biggest Global Event

AI Medical Ecosystem in Focus: KIMES 2026 Opens in Seoul as Global Healthcare Hub

Netanyahu Declares Decisive Blow to Iran’s Nuclear and Missile Programs, Signals Early End to War

Intel Announces 10% Price Hike on CPUs: PC Manufacturers Bracing for Massive Production Cost Spikes

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 독도는우리땅
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers