
President Trump announced higher tariffs on South Korean exports, citing the parliament’s failure to ratify the 2025 trade deal agreed with President Lee Jae-myung.
U.S. President Donald Trump stated that South Korea’s parliament has yet to approve the trade deal agreed with President Lee Jae-myung on July 30, 2025, and reaffirmed in October 2025. In response, Trump will raise tariffs on South Korean automobiles, timber, pharmaceuticals, and other goods from 15% to 25%. The tariffs target significant export sectors and will remain until the agreement is ratified, increasing economic pressure amid stalled legislative action.