U.S. plans tariff hike on certain South Korean imports

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Hyundai vehicles drive into a vehicle carrier cargo ship at a port near the company's plant in Ulsan, South Korea, January 21, 2026. /VCG

U.S. President Donald Trump said Monday he will raise tariffs on certain South Korean goods from 15 percent to 25 percent, accusing South Korea's legislature of not having enacted a bilateral trade agreement with the United States.

"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%," he said on social media.

South Korea's presidential office said Tuesday that it has received no official notification from Washington after Trump's announcement.

The office added that an interagency meeting will be held and the trade minister will visit the United States to discuss the matter.

(With input from Xinhua)

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