The post Trump Announces 25% Tariff Increase on South Korean Imports appeared on BitcoinEthereumNews.com.

Key Points: Trump raises tariffs on South Korean goods to 25% amid unresolved trade agreements. Announcement aims to pressure South Korean National Assembly for compliance. Potential impact on automobile and pharmaceutical sectors highlighted. U.S. President Donald Trump announced an increase in tariffs on South Korean goods from 15% to 25% due to the South Korean National Assembly’s failure to ratify a trade agreement. The tariff hike could strain U.S.-South Korea relations, impacting trade in autos, lumber, and pharmaceuticals, as both nations assess the consequences of this stalemate. Trump’s Tariff Hike Aims at Legislative Pressure President Trump’s announcement outlined a significant policy shift by increasing tariffs due to the South Korean National Assembly’s inaction. Earlier agreements with President Lee Jae Myung aimed to enhance trade conditions. This action underscores the administration’s commitment to addressing perceived economic imbalances. A notable quote by Trump encapsulates his decisive move: The immediate change involves a tariff hike from 15% to 25% on defined goods such as automobiles, lumber, and pharmaceutical products. This step signals increased pressure on South Korean lawmakers and might affect bilateral trade volumes and economic relations between the nations. “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 15pc to 25pc.” Historical Context, Price Data, and Expert Analysis Did you know? In previous similar scenarios, tariff threats by President Trump toward EU and UK markets led to temporary stock market declines and policy withdrawals. Such movements highlight the potential for significant economic ripple effects when trade discussions stall. Bitcoin (BTC) recently exhibited a market cap of $1.77 trillion, with a trading volume increase by 29.77% within 24 hours, according to CoinMarketCap. The price of Bitcoin stands at $88,492.44, with minor…

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Filed under: News - @ January 27, 2026 12:21 am