Trump threatens tariff hike to 25% on S Korean goodsBloombergUS President Donald Trump on Monday threatened to hike tariffs on goods imported from South Korea to 25 percent, citing what he said was the failure of the country’s legislature to codify the trade deal the two nations reached last year. Trump in a social media post said the new rate would apply to vehicles, lumber, pharmaceutical products and “all other Reciprocal TARIFFS.”Under the existing agreement, the US president set a 15 percent levy on South Korean exports. Vehicles for export are parked at a port in Pyeongtaek, South Korea, yesterday. Photo: AP“South Korea’s Legislature is not living up to its Deal with the United States,” Trump wrote. South Korean Minister of Finance Koo Yun-cheol subsequently said the government was not intentionally delaying the investment, but was still in the process of selecting projects and completing required procedures.

Source: Taipei Times January 27, 2026 17:12 UTC