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BTCC / BTCC Square / Global Cryptocurrency /
Trump Threatens 25% Tariff Hike on South Korean Imports, Sparking Market Tensions

Trump Threatens 25% Tariff Hike on South Korean Imports, Sparking Market Tensions

Author:
Global Cryptocurrency
Published:
2026-01-27 01:29:02
20
3
BTCCSquare news:

US President Donald TRUMP has signaled a potential increase in tariffs on South Korean imports to 25%, up from the current 15%, citing the Korean legislature's failure to finalize a trade agreement concluded last year. The proposed hike would impact key sectors including automobiles, lumber, and pharmaceuticals.

Trump's announcement, made via a social media post, alleges that South Korea has not upheld its end of the trade deal. "We expect our trading partners to do the same," he stated, referencing previous US tariff reductions. Analysts warn the MOVE could disrupt operations for major South Korean exporters like Hyundai Motor Co., which shipped over 1.1 million vehicles to the US in 2024.

This escalation forms part of a broader pattern of trade tensions with allies, with reports suggesting Trump is considering even steeper 100% tariffs in some cases. Market observers are monitoring the situation for potential Ripple effects across global supply chains and financial markets.

|Square

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