{"id":8476,"date":"2026-01-27T05:18:00","date_gmt":"2026-01-27T01:18:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/business\/trump-plans-tariff-hike-on-korea\/"},"modified":"2026-01-28T17:39:31","modified_gmt":"2026-01-28T13:39:31","slug":"trump-plans-tariff-hike-on-korea","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/business\/trump-plans-tariff-hike-on-korea\/","title":{"rendered":"Trump&#8217;s Tariff Increase on South Korea: What It Means for Oman\u2019s Exporters and Investors"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>Trump Threatens Increased Tariffs on South Korean Exports<\/strong><\/p>\n<p>President Donald Trump has announced plans to <strong>raise tariffs on South Korean exports<\/strong> due to delays in the ratification of a trade agreement by the country&#8217;s National Assembly. <\/p>\n<p>In a post on Truth Social, Trump criticized the assembly for not approving the trade deal he reached with South Korean President Lee Jae-myung on July 30. He stated, \u201cBecause the Korean Legislature hasn\u2019t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean tariffs on Autos, Lumber, Pharma, and all other reciprocal tariffs, from 15% to 25%.\u201d<\/p>\n<p>As of Monday evening, the White House had not issued an executive order to enact these changes. Last year, Trump initially imposed a <strong>25% tariff<\/strong> on all South Korean exports, later agreeing to lower it to 15% as part of a framework deal announced with President Lee. However, discussions between the two governments remained contentious, particularly regarding South Korea&#8217;s commitment to invest in the U.S. <\/p>\n<p>The U.S. sought a cash investment in the <strong>hundreds of billions<\/strong> of dollars, but South Korean officials expressed concerns about the economic feasibility of such a large commitment. Progress appeared to be made during Trump&#8217;s visit to South Korea in October, where he received lavish gifts, including a replica of a historical crown. That month, the Korean government confirmed an agreement to invest up to <strong>$20 billion annually<\/strong> and allocate <strong>$150 billion<\/strong> for U.S. shipbuilding operations. To finalize the agreement, the South Korean National Assembly needed to pass the relevant legislation.<\/p>\n<p>On Tuesday, the South Korean government reported that it had not received official communication regarding Trump&#8217;s tariff increase. Lee&#8217;s office mentioned plans for senior officials to convene to discuss the announcement. South Korea&#8217;s Trade Minister, Kim Jung-Kwan, currently visiting Canada, intends to meet with U.S. Commerce Secretary Howard Lutnick soon.<\/p>\n<p>The Trump administration has engaged in limited trade deals with over ten countries, though some agreements have faced obstacles. A trade framework negotiated with the <strong>European Union<\/strong> was recently stalled after Trump issued threats of tariffs unless EU nations ceded the Danish territory of Greenland. Although he later retracted this threat, the trade agreement still requires approval from the European Parliament.<\/p>\n<p>Trump&#8217;s authority to impose tariffs stems from the <strong>International Economic Emergency Powers Act<\/strong> of the 1970s, which is currently under review by the Supreme Court. A forthcoming decision may determine whether Trump exceeded his authority in implementing tariffs globally. If ruled illegal, the president may have to rely on alternative tariff laws that do not permit such abrupt changes.<\/p>\n<p>This article originally appeared in <a href=\"https:\/\/www.nytimes.com\/2026\/01\/26\/business\/economy\/trump-tariffs-south-korea.html\" rel=\"nofollow noopener\" target=\"_blank\">The New York Times<\/a>.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The recent <strong>increase in tariffs on South Korean exports<\/strong> signals a heightened risk for businesses reliant on international trade, particularly those importing affected goods. Smart investors should <strong>assess the potential supply chain disruptions<\/strong> and <strong>consider diversifying their sourcing strategies<\/strong> to mitigate these risks. Additionally, entrepreneurs may find opportunities in <strong>local manufacturing or alternative supply chains<\/strong> to capitalize on the evolving trade landscape.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump threatened to increase tariffs on South Korean exports due to delays in ratifying a trade deal. He stated that if the Korean Legislature didn&#8217;t enact the agreement, tariffs on autos and other goods would rise from 15% to 25%. The administration had not issued an executive order to implement this change.<\/p>\n","protected":false},"author":10,"featured_media":8477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[710,204,515],"class_list":["post-8476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-south-korea","tag-tariffs","tag-trump"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/01\/3271667.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/8476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=8476"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/8476\/revisions"}],"predecessor-version":[{"id":8478,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/8476\/revisions\/8478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/8477"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=8476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=8476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=8476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}