Trump announced: imposing a 25% tariff on South Korean goods, including cars, wood, pharmaceutical products, and other "reciprocal tariffs" items.

The reason given: the South Korean parliament has not yet approved the trade agreement reached in July last year, so the preferential tax rate of 15% is no longer provided

South Korean car companies and funds are all falling. ​​​

Trump stated that the "historic trade agreement" he reached with South Korean President Yoon Suk-yeol on July 30, 2025, was confirmed again on October 29, but it has not been approved by the South Korean National Assembly.

According to Trump's announcement on his social media, the US plans to increase the tariff rate on some South Korean goods from 15% to 25%, as the South Korean National Assembly has not approved the trade agreement reached between the two sides. Currently, the South Korean government said it has not yet received formal notification from the US side and plans to hold emergency consultations with the US.

According to the framework of the agreement disclosed by the US side, South Korean exports to the US are subject to a 15% tariff, while US products in South Korea are not taxed.

South Korea needs to invest 35 billion US dollars in the US and purchase 100 billion US dollars worth of liquefied natural gas or other energy products from the US.

South Korea will fully open its trade to the US, accepting US cars and agricultural products, among others.

The South Korean National Assembly's failure to approve the agreement clearly indicates dissatisfaction with such a framework.

Although the South Korean side stated that it has not yet received formal notice, it has already held meetings to discuss mediation and make preparations for response. The South Korean presidential office said it will hold a meeting with relevant departments on the morning of January 27 to study countermeasures.

South Korean Minister of Industry, Trade and Energy Kim Jung-hwan, who is currently visiting Canada, will quickly go to the US for consultations.

Will South Korea put its hopes on Trump's mouth that speaks recklessly and changes policies frequently? [grinning]

Pushing Canada over, it would be best to push South Korea over as well.

Original: toutiao.com/article/1855438026177536/

Statement: This article represents the personal views of the author.