Trump says he is raising tariffs on South Korea to 25%

AI Summary
On January 27, 2026, US President Donald Trump announced he is raising tariffs on South Korean exports from 15% to 25% due to Seoul's legislature failing to ratify a trade deal agreed upon last year. The higher tariffs would apply to automobiles, lumber, pharmaceutical products, and goods covered under Trump's "reciprocal" tariff. South Korea's presidential office stated they had not received official notification of the tariff increase. In response, South Korean Minister of Trade Kim Jung-Kwan will travel to the US to discuss the matter with US Secretary of Commerce Howard Lutnick. The US and South Korea had previously agreed to a framework trade deal in July, with Trump lowering tariffs on South Korean goods from 25% to 15%.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories