Trump raises tariffs on South Korea, cites stalled trade deal

Trump raises tariffs on South Korea, cites stalled trade deal
A 3D-printed miniature model of U.S. President Donald Trump, the South Korea flag and the word "Tariffs" are seen in this illustration taken July 23, 2025.
Reuters

U.S. President Donald Trump on Monday announced higher tariffs on South Korean goods, accusing Seoul’s legislature of failing to approve a previously agreed trade deal between the two countries.

Posting on Truth Social, Trump said the United States had moved quickly to reduce its own tariffs under past agreements and expected trading partners to do the same.

“South Korea’s Legislature is not living up to its Deal with the United States,” he said.

Trump said he and South Korean President Lee Jae Myung reached what he described as a “great deal” on 30 July 2025 and reaffirmed its terms during his visit to South Korea on 29 October 2025, but questioned why lawmakers had not approved it.

As a result, he said he is increasing U.S. tariffs on South Korean autos, lumber, pharmaceuticals and other reciprocal tariff categories from 15% to 25%.

Following the announcement, South Korea’s presidential office said Industry Minister Kim Jung-kwan will travel to the U.S. soon for talks with Commerce Secretary Howard Lutnick.

The Blue House said Washington has not yet provided formal notification of the tariff increase.

It added that a presidential adviser will convene a meeting with relevant ministries to discuss possible responses.

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