Trump hikes tariffs on South Korean autos, pharma to 25% over stalled trade deal
Jan 27, 2026
Announcing the move on Truth Social, Trump said, "Because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%." It remains unclear whether the revised tariff rates have already come into force.