President Trump increases South Korean tariffs to 25% on major imports


President Donald Trump said Monday it was raising tariffs on South Korean imports of automobiles, lumber and pharmaceuticals to 25 percent, accusing Seoul of “failing to respect” its trade deal.

“Our trade deals are very important to America. In each of these deals, we have moved quickly to reduce our TARIFFS in accordance with the agreed-upon transaction,” Trump wrote in a Truth Social article.

“We of course expect our trading partners to do the same,” he added, asserting that South Korea Lawmakers had not approved the trade deal.

SOUTH KOREA TO INVEST $350 billion in US UNDER TRUMP’S NEW TRADE DEAL

U.S. President Donald Trump gestures during his speech at the Asia-Pacific Economic Cooperation in Gyeongju on October 29, 2025.

President Donald Trump said he would raise tariffs up to 25% on South Korea following delays in an agreed trade deal. (Anthony Wallace/AFP/Getty Images)

“Because the Korean legislature has failed to enact our historic trade agreement, which is its prerogative, I hereby increase South Korean TARIFFS on automobiles, lumber, pharmaceuticals and all other reciprocal TARIFFS. from 15% at 25%,” Trump added.

The South Korean Embassy in Washington, D.C., did not immediately respond to Fox News Digital’s request for comment.

A COMPLETE TIMELINE OF TRUMP’S TARIFF IMPLEMENTATION STRATEGY AROUND THE WORLD

Hyundai Motor Co. vehicles enter a vehicle carrier cargo ship at a port near the company's Ulsan factory in Ulsan, South Korea, Sunday, March 30, 2025.

Hyundai vehicles are loaded onto a ship at a port near the company’s Ulsan factory in Ulsan, South Korea, March 30, 2025. (SeongJoon Cho/Bloomberg/Getty Images)

The move is part of Trump’s broader second-term strategy of using tariffs as leverage to enforce compliance with trade rules rather than as temporary negotiating tools.

The move comes as the Trump administration awaits a ruling from the Supreme Court on whether some of the trade taxes imposed in 2025 exceeded presidential authoritya decision that could have broad implications for current tariff actions.

CLICK HERE TO GET FOX BUSINESS ON THE GO

U.S. President Donald Trump and South Korean President Lee Jae-myung speak with reporters before an Oval Office meeting at the White House.

President Donald Trump, right, and South Korean President Lee Jae-myung reached a 2025 trade deal. (Chip Somodevilla/Getty Images)

Tariffs are taxes levied on imported goods. Although paid by businesses at the border, costs are often passed on higher pricesleaving consumers to bear much of the burden.

It remains unclear when the higher tariffs will take effect or how South Korea might respond.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *