U.S. President Donald Trump said on Monday (January 26, 2026) 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.
The increase would bring tariff levels from 15% to 25%.
South Korea says U.S. chip tariff to have limited immediate impact
"South Korea's Legislature is not living up to its Deal with the United States," Mr. Trump wrote on his Truth Social platform.
He added that he was increasing tariff rates "because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative."
