January 27, 2026
Trump plans to raise tariffs on South Korean goods from 15% to 25%, citing impatience with deal's OK
President Trump says he will increase tariffs on South Korean products from 15% to 25% because he is tired of waiting for the Asian country's legislature to approve its bilateral trade deal with the U.S.
TL;DR
- President Trump plans to increase tariffs on South Korean products from 15% to 25%.
- The reason for the increase is frustration with the delay in legislative approval of the bilateral trade deal.
- The tariffs are aimed at South Korean products.
- The U.S. and South Korea have a bilateral trade deal.
- The Asian country's legislature has not yet approved the trade deal.
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