Trump Threatens 25% Tariffs on South Korean Goods Over Unapproved Trade Deal

• Donald Trump announced a threat to increase tariffs on South Korean goods to 25%.
• The tariff hike is due to South Korea's national assembly not approving a trade framework affirmed in October 2025.
• Tariffs would apply to autos, lumber, and pharmaceutical drugs, with other goods rising from 15% to 25%.
• The announcement caused South Korea's KOSPI index to fall 0.7% and the won to weaken 0.5%.
• South Korea's Industry Minister Kim Jung-kwan is scheduled to visit the US to meet with Secretary of Commerce Howard Lutnick.

Why It Matters: Trump threatens higher tariffs on South Korean goods, citing unapproved trade deal, impacting markets.