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    "headline": "US Commerce Secretary Warns South Korea of Targeted Semiconductor Tariffs",
    "dek": "Howard Lutnick warns South Korean chipmakers of targeted US tariffs unless they increase domestic investment.",
    "prose": "US Commerce Secretary Howard Lutnick stated on 2026-04-02 that companies must be prepared to pay targeted tariffs to enter the US market if they do not produce semiconductors within the United States. [^1]\n\nUS President Donald Trump suggested on Wednesday that the Strait of Hormuz be renamed 'Trump Strait' on his Truth Social network. [^2]\n\nLutnick confirmed that the proposed tariff structure links semiconductor manufacturing investment directly to tariff rates, describing the approach as high-intensity and rational. [^3]\n\nLutnick explicitly named Samsung Electronics and SK Hynix, stating he wants to invite these Korean companies to build semiconductor fabs in the United States. [^4]\n\nThe White House declared that it will coordinate closely with the US side to ensure that Korean enterprises are not disadvantaged by the semiconductor tariff policies. [^5]\n\nOil prices are rising again after US forces launched fresh strikes near the Strait of Hormuz on Tuesday in response to what Trump said were new minelaying efforts by Iran. [^6]\n\nThe White House shared Trump's statement on X, suggesting the renaming along with a map where 'Trump Strait' replaced the Strait of Hormuz. [^7]\n\nTrump stated that because the waterway is now under USA control, it should be renamed to 'TRUMP STRAIT' to make it 'hotter' than ever before. [^8]",
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