US EditionTrump says he is raising tariffs on certain South Korean imports
President Trump raised tariffs on South Korean autos, lumber, and pharmaceuticals from 15% to 25%, citing South Korea's legislature delay on a 2025 bilateral trade deal, with $132 billion in annual exports at risk.
- On Monday in Washington, U.S. President Donald Trump announced tariffs on South Korean autos, lumber and pharmaceuticals will rise to 25%, raising "all other Reciprocal TARIFFS" as well.
- Citing delays in parliamentary approval, the administration noted Trump said the increase responds to South Korea's legislature not enacting the bilateral trade and investment framework reached last year.
- Investors in Seoul reacted immediately, with the KOSPI initially falling 1.19% before reversing, Hyundai Motor down 0.5%, and Kia also declining.
- The Blue House convened emergency talks and announced Trade Minister Kim Jung-kwan will travel to Washington soon, but the Trump administration has not issued formal notices or set a tariff start date.
- Auto exports and the $350 billion investment pledge mean the auto industry accounts for 27 percent of exports to the U.S. and risks losing advantage to Japan and the European Union with 15% tariffs.
270 Articles
270 Articles
US President Donald Trump's tariff war continues. On Monday, he announced that South Korea had not fulfilled a trade agreement, and therefore he would not honor what he had agreed to with Seoul. Instead of the originally agreed 15 percent, he decided to increase tariffs on goods from South Korea to 25 percent.
The South Korean Parliament has not yet agreed to an agreed trade agreement. Now the US President seems to lose patience.
US President Trump has announced an increase in tariffs on certain South Korean goods.
US President Donald Trump has announced that he will raise tariffs on South Korean imports to 25%, after accusing Seoul of "not adhering" to a trade deal reached last year. In a social media post, Trump said he would raise tariffs on South Korea from 15% on a range of products, including automobiles, lumber, pharmaceuticals and "all other reciprocal tariffs," the Telegraph reports. Trump said South Korean lawmakers had been slow to approve the d…
Why Trump Is Threatening New Tariffs on South Korea
U.S. President Donald Trump has threatened to raise tariffs on South Korean autos and other goods to 25%, accusing Seoul of failing to implement a trade deal agreed during his visit to South Korea in October 2025. Under that agreement, U.S. tariffs were capped at 15% in exchange for large-scale South Korean investments in the […] The post Why Trump Is Threatening New Tariffs on South Korea appeared first on Modern Diplomacy.
thepress.net
Stocks track Wall St gains, Seoul brushes off tariff threat
Stock markets rallied Tuesday following Wall Street's healthy lead, with tech firms leading Seoul to another record as investors brushed off Donald Trump's threat to hike tariffs on South Korean goods.
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