Trump says hiking tariffs on South Korean goods to 25%WASHINGTON, United States, Jan 27, 2026 (BSS/AFP) - US President Donald Trump said Monday that he would raise tariffs on South Korean goods including autos, lumber and pharmaceuticals, accusing the country of not living up to an earlier trade pact struck with Washington. "South Korea's Legislature is not living up to its Deal with the United States," Trump wrote on his Truth Social platform. The agreement was finalized after Trump met his South Korean counterpart Lee Jae Myung in October, and included investment promises by South Korea alongside tariff cuts by the United States. Under the pact, Washington would maintain levies of up to 15 percent on South Korean goods including vehicles, car parts and pharmaceuticals. Crucially, the deal's terms brought US tariffs on South Korean cars down from a 25 percent level.

Source: Bangladesh Sangbad Sangstha January 27, 2026 03:06 UTC