Trump Raises Tariffs on South Korean Goods
The move, disclosed on Monday through his Truth Social account, openly faults South Korea’s parliament for not approving a “historic” trade and investment pact concluded with President Lee Jae Myung in October 2025.
According to Trump, the United States had promptly lowered its own tariffs under the agreement, but Seoul failed to honor its side of the arrangement, prompting Washington to impose the tougher penalties.
“President Lee and I reached a Great Deal for both Countries... Why hasn’t the Korean Legislature approved it?” Trump wrote.
South Korea’s presidential office responded by saying it had not yet been formally informed by U.S. authorities and added that the country’s trade minister would soon head to the United States for urgent talks.
At the heart of the dispute is an agreement initially unveiled in July 2025, which proposed cutting U.S. tariffs from 25% to 15% in return for major South Korean commitments, including a promise to invest $350 billion in the American economy.
The agreement, however, has remained stuck in South Korea’s National Assembly, where it continues to face intense political and economic examination.
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