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Trump raises US tariffs on South Korean imports to 25%

2026-01-27 07:28:00, Kosova & Bota CNA

Trump raises US tariffs on South Korean imports to 25%

US President Donald Trump has announced 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 by 15% on a range of products, including automobiles, lumber, pharmaceuticals and “all other reciprocal tariffs.” Trump said South Korean lawmakers had been slow to approve the deal, while “we have moved quickly to lower our tariffs in line with the transaction that was agreed upon.”

South Korea says it has not been given formal notice of the decision to raise tariffs on some of its goods and wants urgent talks with Washington on the issue. South Korea's Industry Minister Kim Jung-kwan, who is currently in Canada, will visit Washington as soon as possible to meet with U.S. Commerce Secretary Howard Lutnick.

South Korea’s Kospi stock index fell on Tuesday morning but traded about 1.8% higher later in the day as shares in major exporters recovered. Seoul and Washington reached a deal last October that included a pledge by South Korea to invest $350 billion (£256 billion) in the US, some of which would go towards shipbuilding. The following month, the two countries agreed that the US would reduce tariffs on some products once South Korea began the process of ratifying the deal.

The agreement was submitted to South Korea's National Assembly on November 26 and is currently under review. According to local media, it is likely to be approved in February. The tariffs are paid by companies that import products. In this case, American firms will pay a 25% tax on goods they buy from South Korea.
Trump has often used the tariffs as leverage to implement foreign policy during his second term in the White House./CNA





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