Trump Unloads on South Korea with 25% Tariff Threat Over Trade Agreement

President Trump has unloaded on South Korea with a threat of 25% tariffs on major exports, demanding immediate action on a trade agreement from 2024. The announcement encompasses automobiles, pharmaceuticals, and lumber entering the American market.
The October 2024 trade and security agreement was celebrated when Trump and South Korean President Lee Jae Myung finalized it. However, disputes about legal status and ratification requirements have prevented full implementation.
Korean officials were caught off-guard by Trump’s public announcement, receiving no advance diplomatic warning. The government is responding by sending the trade minister to Washington while working with parliament to expedite legislation.
South Korea’s automotive manufacturers depend heavily on the American market, with the United States absorbing nearly half of all Korean car exports. The industry represents 27% of total exports.
Trump’s approach to international trade continues to emphasize unpredictability and threats. International economics experts express concern that such announcements undermine business confidence and create market volatility.