President Trump to Reset South Korean Tariffs at 25%
President Trump on Jan. 26 announced in a Truth Social post that he will reset the tariffs on imports of automobiles, lumber, pharmaceuticals, and “other” reciprocal tariffs from South Korea to 25% from 15% due to the country not yet enacting a trade deal reached with the U.S. on July 30, 2025.
“Our Trade Deals are very important to America. In each of these Deals, we have acted swiftly to reduce our TARIFFS in line with the Transaction agreed to. We, of course, expect our Trading Partners to do the same,” the president said in his post.
“South Korea's Legislature is not living up to its Deal with the United States. President Lee and I reached a Great Deal for both Countries on July 30, 2025, and we reaffirmed these terms while I was in Korea on October 29, 2025. Why hasn't the Korean Legislature approved it?,” he added.
The NCBFAA Customs Committee and Counsel of Sandler, Travis & Rosenberg, P.A., will monitor this latest tariff action by the administration, as well as related Customs and Border Protection (CBP) guidance, and provide updates to our members as soon as its available.
