Trump: Raise retaliatory tariffs on South Korea from 15% to 25%

US President Trump stated on social media: "The South Korean National Assembly has not fulfilled the agreement reached with the United States. President Lee Jae-myung and I reached an agreement that is beneficial to both countries on July 30, 2025, and reaffirmed those terms during my visit to South Korea on October 29, 2025. Why has the South Korean National Assembly not yet ratified the agreement? Because the South Korean National Assembly has not yet ratified our historic trade agreement, which is within their power, I hereby announce that retaliatory tariffs on South Korean automobiles, timber, pharmaceuticals, and all other goods will be increased from 15% to 25%."