Trump’s Proposed 35% Tariff on Korean EVs, Chips, and Batteries Sparks Trade Tensions

Former President Donald Trump's threat to impose 35% tariffs on South Korean electric vehicles, semiconductors, and batteries has sent shockwaves through global trade circles. The proposed measures could dramatically reshape the EV market landscape, potentially increasing prices for popular models currently available in the U.S. market.

Trade data reveals DEEP economic interdependence between the U.S. and South Korea, particularly in critical technology sectors. Korean battery manufacturers currently supply major American automakers like Ford and GM through billion-dollar joint ventures, while Korea produces 27% of global memory chips essential for U.S. tech companies.

The Korea Automobile Manufacturers Association warns these tariffs threaten established supply chains at a critical juncture for EV adoption. Diplomatic channels between both nations have reportedly activated in response to the potential economic disruption.