{"id":5927,"date":"2026-01-26T17:07:25","date_gmt":"2026-01-27T01:07:25","guid":{"rendered":"https:\/\/abovecloud.xyz\/?p=5927"},"modified":"2026-01-27T18:18:06","modified_gmt":"2026-01-28T02:18:06","slug":"trump-says-hes-raising-tariffs-on-south-korea-to-25","status":"publish","type":"post","link":"https:\/\/abovecloud.xyz\/?p=5927","title":{"rendered":"Trump says he’s raising tariffs on South Korea to 25%"},"content":{"rendered":"\n

President Trump on Monday said he is raising tariffs on South Korea because the nation has not yet approved a trade deal with the U.S. that the two countries agreed to last year.\u00a0<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Mr. Trump said in a social media post<\/a> that the U.S. will increase its tariff on imports from South Korea from 15% to 25% and also hike levies on the country’s automobiles, lumber and pharmaceutical goods. <\/p>\n\n\n\n

“South Korea’s Legislature is not living up to its Deal with the United States. President Lee and I reached a Great Deal for both Countries on July 30, 2025, and we reaffirmed these terms while I was in Korea on October 29, 2025. Why hasn’t the Korean Legislature approved it?” Mr. Trump said in announcing the stepped-up duties. <\/p>\n\n\n\n

The two countries reached a deal on trade and security issues<\/a> after Mr. Trump met his South Korean President Lee Jae-myung in Seoul last year. Under the agreement, the U.S. cut its tariffs on South Korean vehicles, car parts, pharmaceuticals and other products from 25% to 15%. <\/p>\n\n\n\n

The pact also called for South Korea to invest $350 billion in several key U.S. sectors, including semiconductors, shipbuiling and biotech.

As of late 2025, South Korea was the U.S.’ eighth-largest trading partner, with total trade between the nations of $162 billion, according to Census Bureau data<\/a>. The auto industry accounts for 27% of South Korea’s exports to the U.S., which takes in nearly half of the country’s car exports.<\/p>\n\n\n\n

The Supreme Court is expected to rule soon on the legality of the Trump administration’s country-specific tariffs, which the White House has imposed on dozens of nations under the International Emergency Economic Powers Act, or IEEPA. <\/p>\n\n\n\n

If they are struck down, White House officials have said they can turn to other powers that effectively replace the sweeping levies. <\/p>\n\n\n\n

Reposted from CBS<\/p>\n","protected":false},"excerpt":{"rendered":"

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