United States President, Donald Trump, has announced a sharp increase in tariffs on South Korean imports, raising the rate from 15 per cent to 25 per cent. The decision was made public on Monday via Trump’s Truth Social platform.
According to Trump, the tariff hike followed South Korea’s alleged failure to fulfil its obligations under a bilateral trade agreement. He claimed the South Korean legislature had not implemented what he described as a “historic trade agreement,” stressing that while it was their choice, the U.S. would respond accordingly.
The new 25 per cent tariffs affect key imports such as automobiles, lumber, pharmaceuticals, and other reciprocal trade items. Trump noted that the move builds on an earlier 10 per cent tariff introduced after he declared an economic emergency, allowing the action without Congressional approval.
Analysts say the decision comes at a sensitive time, as South Korea, Canada, and other long-standing U.S. allies increasingly explore stronger economic ties with China amid concerns over Trump’s “America First” trade posture.
#TrumpTariffs #USSouthKoreaTrade #GlobalTrade #AmericaFirst #TradeWar #InternationalEconomy
