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News|Business and EconomyTrump says he’s raising tariffs on South Korea to 25%US president says he is raising tariffs from 15 percent due to Seoul’s failure to ratif trade deal.

## Tariff Increase on South Korean Exports

DBy Derek VaughnJan 27, 20261 min read

Tariff Increase on South Korean Exports

On Monday, the United States announced an increase in tariffs on South Korean exports. The tariff rate will rise from 15 percent to 25 percent. This decision was attributed to the delay in the ratification of a trade agreement between Washington and Seoul.

The higher tariff rate will apply to a range of products, including automobiles, lumber, and pharmaceuticals, along with other goods under the reciprocal tariff framework.

South Korea's presidential office stated that it had not received any formal notification regarding the tariff changes from the United States. A meeting is scheduled for Tuesday to discuss the situation, and the South Korean Minister of Trade will travel to the U.S. for discussions with the U.S. Secretary of Commerce.

On Monday, the United States announced an increase in tariffs on South Korean exports.
Derek Vaughn · Thehackingpost

In July, the U.S. and South Korea announced a framework trade agreement. This agreement included a commitment from the U.S. to lower tariffs on South Korean goods from 25 percent to 15 percent. South Korea agreed to invest $350 billion in key U.S. industries. A related bill has been pending in South Korea's National Assembly since November.

South Korea's economy is significantly reliant on exports, which constituted approximately 44 percent of its GDP in 2024. The country's economic growth has faced challenges, with a growth rate of 1 percent in 2025 following a contraction in the previous quarter. The United States is South Korea's second-largest export destination after China, with exports totaling $122.9 billion in 2025, accounting for 17 percent of total exports.

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Based on reporting by Al Jazeera.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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