Trump Announces Major Tariff Adjustment
US President Trump recently announced on social media that the South Korean parliament has failed to ratify the trade agreement reached between him and South Korean President Lee Jae-myung on July 30, 2025. This delay has forced the administration to increase the reciprocal tariffs on South Korean goods from 15% to 25%.
Trump emphasized that the agreement was reaffirmed during his visit to South Korea on October 29, 2025. However, the parliament has not yet ratified the deal, prompting this measure.
- Industries affected include automobiles, timber, and pharmaceuticals.
- This decision is expected to significantly impact bilateral trade relations.
Trump noted that the adjustment was not made lightly, but to protect American interests and urged South Korea to complete the ratification process as soon as possible.