Trump increases South Korea tariffs, slamming legislature for not approving US deal

President Trump on Monday said he was increasing tariffs on South Korea while slamming the country’s Legislature for not living up to a $350 billion deal. 

“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?” the president wrote in a post on Truth Social.

“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%. Thank you for your attention to this matter!” he added.

Last October, Trump said leaders in Seoul agreed to purchase oil and gas from the United States in “vast quantities” while their companies agreed to invest $600 billion in exchange for lower tariffs.