• Trump Imposes 25 Percent Tariff on South Korean Exports Sparking Trade Tension and Economic Uncertainty

  • Apr 17 2025
  • Duración: 3 m
  • Podcast

Trump Imposes 25 Percent Tariff on South Korean Exports Sparking Trade Tension and Economic Uncertainty

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  • Welcome to South Korea Tariff News and Tracker. Today’s headlines are dominated by the Trump administration’s new tariff regime and the escalating impact on South Korean businesses and global trade.

    As of April 9th, South Korean exports to the United States are now subject to a 25 percent reciprocal tariff under President Trump’s latest executive order. While South Korea had previously enjoyed mostly duty-free access to the American market thanks to a long-standing bilateral Free Trade Agreement, this substantial tariff officially took effect at 12:01 a.m. Eastern time. This marks the most significant change in the trade relationship between the two countries in over a decade, according to reporting by Chosun Ilbo and Yonhap News.

    The tariff’s rate itself has been the subject of confusion. Initially, an annex to the executive order listed a 26 percent tariff for South Korea, but after urgent outreach by South Korean officials and late-night talks with U.S. counterparts, the White House revised the figure to 25 percent for South Korean goods. This 1 percent difference, seemingly minor, has huge financial implications given the size of South Korea’s exports to the U.S., which topped $130 billion last year, with cars and semiconductors as the leading sectors. Ultimately, the White House updated its official communications to confirm the 25 percent rate, as reported by Korea JoongAng Daily and Yonhap.

    The broader U.S. policy now imposes a minimum 10 percent baseline tariff on all imports, with reciprocal tariffs like the one facing South Korea set at higher rates for selected trading partners. The backdrop to these moves is a global surge in tariff activity, with far harsher rates leveled against China—reaching a staggering 104 percent after various retaliatory escalations this month.

    In response, South Korea has announced a $25 billion initiative to support its industries and ensure access to critical rare earth materials, vital for its technology and battery sectors. Industry insiders note that export volumes to the U.S. spiked earlier this year, as American buyers rushed to secure semiconductors and smartphones before tariffs hit.

    Korean conglomerates have also been active diplomatic players, with high-level delegations seeking regulatory relief and investment assurances in Washington. However, the Trump administration remains focused on addressing trade imbalances and has set new investment benchmarks for foreign partners, indicating little flexibility in its tariff approach.

    With these sweeping changes in place and uncertainty over the future of the 2012 bilateral trade agreement, all eyes are on upcoming negotiations, which U.S. officials say will prioritize both Japan and South Korea.

    Thanks for tuning in to South Korea Tariff News and Tracker. Don’t forget to subscribe for the latest updates. This has been a quiet please production, for more check out quiet please dot ai.

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