The President of the United States, Donald Trump, announced this Monday (26) that he will raise tariffs on imports of products from South Korea, because the South Korean Parliament has not yet approved the trade agreement between the two countries.
“The Legislature of South Korea is not complying with the agreement reached with the United States. President Lee [Jae-myung] and I reached an excellent agreement for both countries on July 30, 2025, and reaffirmed those terms during my visit to Korea on October 29, 2025. Why hasn’t the Korean Legislature approved it yet?” Trump wrote on the Truth Social network.
“As the Korean Legislature has not endorsed our historic trade agreement, which is its prerogative, I am increasing tariffs on South Korea on automobiles, lumber, pharmaceuticals and all other reciprocal tariffs from 15% to 25%,” added the American president.
The South Korean government has not yet commented on the matter. The agreement signed between Trump and Lee last year provided for South Korean investments of US$350 billion in the United States and a reduction in American tariffs on imports of products from the Asian country from 25% to 15%.
