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 a mutually beneficial agreement 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 this agreement? Because the South Korean National Assembly has not yet ratified our historic trade agreement, which is within their power, I hereby announce an increase in equitable tariffs on South Korean automobiles, timber, pharmaceuticals, and all other goods from 15% to 25%."