President Donald Trump announced that he will increase tariffs on South Korean products, raising them from 15% to 25% on items such as cars, wood, medicines, and other goods. This was officially communicated on social media and reported by multiple international media.
📌 The reason Trump gave was that South Korea has still not ratified a trade agreement that it had agreed upon with the U.S. in 2025, and he claims that this delay justifies the increase in tariffs.
📌 This is not a "total trade war" but rather an increase in specific rates within the framework of negotiations and trade tensions. There is an intention for dialogue, and South Korea responded that it remains committed to the agreement and is willing to talk to move forward.
📉 Markets reacted volatily, with initial declines in shares of South Korean automakers like Hyundai and Kia, although they later partially recovered.
