Trump Hikes Tariffs on South Korean Autos, Pharma to 25% Over Stalled Trade Deal

• US President Donald Trump announced a tariff hike on South Korean goods from 15% to 25%.
• The increase targets autos, lumber, pharma, and other reciprocal tariffs, citing a stalled trade agreement.
• South Korea is a major source of US imports, with $132 billion in products exported to the US in 2024.
• The decision reverses a previous agreement where Trump had set a uniform 15% tariff.
• This move follows earlier unfulfilled tariff warnings and comes amid legal scrutiny of Trump's trade powers.

Why It Matters: Trump increased tariffs on South Korean goods to 25% due to a stalled trade deal, impacting key import sectors.