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Trump Raises Tariffs on South Korean Autos and Pharma to 25% After Deal Stalls

Economists warn the higher levies could lift prices for U.S. buyers.

Overview

  • The White House said the 25% rate on selected South Korean imports takes effect immediately.
  • Trump cited South Korea’s National Assembly for not ratifying a 2025 framework that had reduced U.S. duties to 15%.
  • The increase targets autos, pharmaceuticals and lumber, with “all other reciprocal tariffs” raised to the same rate.
  • The move reverses prior concessions and raises trade and geopolitical risk for U.S.–Korea supply chains, especially in autos.
  • The tariff policy faces a pending U.S. Supreme Court ruling on presidential authority, and Seoul offered no immediate comment.