Story perspectives

Trump to Raise Tariffs on South Korean Goods to 25%

1/28/2026

Summary

Trump Imposes Tariffs

U.S. President Donald Trump announced plans to raise tariffs on South Korean goods from 15% to 25%, including automobiles and pharmaceuticals.
He said South Korea has not adhered to a trade agreement.
South Korea's government held an emergency meeting, reaffirming its commitment to the existing deal.
The U.S. has not published official documentation for the tariff hike.
Kim Jung-kwan, South Korea's Trade Minister, will meet U.S. Commerce Secretary Howard Lutnick.

History

Historical Context

The U.S.-South Korea Free Trade Agreement (KORUS FTA), effective March 2012, aimed to eliminate 95% of tariffs, boosting bilateral trade by 30%. However, tensions resurfaced under President Trump's administration, which proposed tariffs on South Korean goods, echoing historical trade disputes. This ongoing friction could destabilize economic relations, prompting South Korea to seek stronger negotiations to safeguard its market interests.

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Trump Imposes Tariffs

U.S. President Donald Trump announced plans to raise tariffs on South Korean goods from 15% to 25%, including automobiles and pharmaceuticals.
He said South Korea has not adhered to a trade agreement.
South Korea's government held an emergency meeting, reaffirming its commitment to the existing deal.
The U.S. has not published official documentation for the tariff hike.
Kim Jung-kwan, South Korea's Trade Minister, will meet U.S. Commerce Secretary Howard Lutnick.

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