A recent announcement could result in President Trump raising South Korea tariffs to 25%. In a January 26 social media post, Trump threatened to increase South Korea’s import levies from 15% to 25%. The president further stated that the increase will apply to imports, including automobiles, lumber, and pharmaceutical products. Goods subject to Trump’s original baseline reciprocal tariffs will also be affected by the duties. The US initially lowered tariffs on South Korean goods from 25% to 15% as part of a trade deal in July 2025 . South Korean officials were caught off guard by the announcement and are planning to speak with the US about the issue. Why Is Trump Raising Tariffs on South Korean Imports? President Trump’s primary reason for raising tariffs on South Korea is its failure to ratify a trade deal. In 2025, both countries agreed on a trade and investment framework valued at approximately $350 billion. The deal included the US lowering tariffs on specific Korean imp...
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