U.S. President Donald Trump has announced via a Truth Social post that he is increasing South Korean tariffs on autos, lumber, pharma, and all other reciprocal tariffs, from 15% to 25%. As previously reported, the U.S. and South Korea reached a tentative trade deal in July 2025 that was finalized in October 2025, which included a reduction in the tariff rate to 15%. However, because the Korean Legislature has not yet enacted the deal, President Trump has decided to increase the tariffs.