Business & Economics

Trump Announces 25 % Tariff Snapback on South Korean Imports

On 26 Jan 2026, President Trump declared he will hike duties on South Korean autos, lumber and pharmaceuticals from 15 % to 25 %, citing Seoul’s failure to ratify a July 2025 $350 bn trade-investment accord.

By Tomás Rydell

Focusing Facts

  1. Trump’s Truth Social post (26 Jan 2026) states all listed South Korean goods will face a 25 % U.S. tariff, up from the 15 % rate set after the Oct 2025 deal.
  2. The unratified July 30 2025 memorandum requires South Korea to channel $350 billion into U.S. strategic sectors, with annual outlays capped at $20 billion.
  3. South Korean Trade Minister Kim Jung-kwan has been ordered to Washington for talks with U.S. Commerce Secretary Howard Lutnick within days.

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Perspectives in this article

  • South Korean mainstream media
  • Western liberal media
  • Financial and crypto-market outlets
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