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South Korea Tariff News and Tracker

South Korea Tariff News and Tracker

著者: Quiet. Please
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This is your South Korea Tariff Tracker podcast.

Dive into the dynamic world of international trade with "South Korea Tariff Tracker," your daily source for the latest news and updates on tariffs imposed on South Korea by the United States. Stay informed as we explore the impact of these trade policies on the global economy, featuring expert analysis and insightful discussions. Whether you're a business professional, policymaker, or simply curious about international relations, "South Korea Tariff Tracker" keeps you ahead with timely, relevant information. Tune in daily to understand how these tariffs shape economic landscapes and influence global trade dynamics.

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  • US-South Korea Trade Tensions Escalate as $350 Billion Investment Fund Stalls Tariff Negotiations and Auto Exports Plummet
    2025/09/10
    Listeners, welcome to South Korea Tariff News and Tracker. Today, September 10, 2025, we’re bringing the latest headlines and analysis on tariffs affecting South Korea and the United States, with a special look at the Trump administration’s evolving trade policy.

    A major story dominating the headlines is the ongoing standoff between the U.S. and South Korea over a $350 billion investment fund, which is a linchpin in the trade deal the two countries announced back in late July. According to the Korea Economic Daily and other sources, the agreement was supposed to deliver significant tariff relief for South Korean exports, specifically lowering tariffs on automobiles and most goods from 25% to 15%. This matched recent agreements the U.S. signed with Japan and the European Union. However, intense disagreements about the structure of the investment fund have put the negotiated tariff cuts on ice.

    South Korea’s presidential office warned on Tuesday that core elements of the deal are “at risk” and even the landmark Make American Shipbuilding Great Again project, which Seoul is pushing as a key benefit for both economies, could stall if these disputes aren’t settled. The U.S. insists on terms similar to those Japan accepted just last week—a $550 billion pledge with broad presidential control over allocations—but South Korean officials say their smaller economy can’t accept the same requirements.

    Meanwhile, South Korean automakers like Hyundai and Kia continue to face heavy pressure in the U.S. market. With the tariff on their vehicles still stuck at 25%, data from the Korea International Trade Association shows a sharp drop in auto exports to the U.S.—down 15.1% for the first seven months of 2025. Industry experts say Korean companies are struggling to absorb these extra costs and there’s already evidence of declining market share.

    Another major headline is fallout from a recent ICE raid at a Hyundai-linked plant in Georgia, where South Korean workers were detained, prompting swift diplomatic action and further straining trade talks.

    Elsewhere, President Trump’s approach remains aggressive, stating last week he would not hesitate to increase reciprocal tariffs to the 15–20% range across the board if partners resist U.S. demands. As of now, South Korea is still waiting for the executive order that would lower tariffs, and the $350 billion investment remains a sticking point. Trump’s insistence on aligning South Korea’s deal with that of Japan has created friction, and with neither side backing down, Korean companies are in limbo.

    Stay tuned for more updates as these negotiations continue. Thank you for tuning in, and remember to subscribe for your weekly dose of South Korea Tariff News and Tracker. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    3 分
  • US-Korea Trade Tensions Escalate: Tariffs, Battery Plant Raids, and Shifting Economic Strategies Reshape Bilateral Relations
    2025/09/08
    Listeners, the current landscape for South Korea-U.S. trade is shifting fast, and we’re tracking every development in tariffs, policy, and major headlines. President Trump’s administration made waves this spring with a reciprocal 25% tariff on South Korean goods, prompting South Korea’s government to launch emergency support for industries hardest hit, especially automotive. Negotiations began, but talks stalled through June, leading to a pivotal announcement at the end of July when Trump confirmed that most imports from South Korea to the U.S. would face a revised 15% tariff, effective August 1. This came as part of an agreement where South Korea pledged a massive $350 billion investment in key U.S. industries and agreed to purchase $100 billion worth of U.S. liquefied natural gas, underscoring the scale and urgency of the negotiations.

    South Korea’s finance ministry acknowledged that the new U.S.-Japan trade deal, which also features a 15% car tariff, could put its own automakers like Hyundai and Kia at a disadvantage because Korean auto imports still face a 25% U.S. tariff. Shares of Hyundai and Kia dipped in response. The ministry will unveil new external economic strategies in October to adapt to these changing trade dynamics.

    Adding another layer to the drama, a federal raid on a Georgia battery plant owned by Hyundai and LG Energy Solution led to the detention of nearly 500 workers, over 300 of whom were South Korean citizens. This incident was reportedly tied to immigration enforcement and drew sharp protest from Seoul. The South Korean government, seeking to safeguard its people and investments, secured a deal for the workers’ imminent release, signaling the complexity of economic ties that now extend beyond just tariffs into labor and migration policy. Industry experts note that such enforcement actions could create logistical headaches for Korean companies and complicate ongoing investments in the U.S., especially in EV and battery manufacturing.

    Small and medium Korean businesses, once beneficiaries of the duty-free De Minimis threshold allowing shipments under $800 into the U.S. without tariffs, have encountered new barriers. The U.S. revoked this rule effective August 29, imposing a blanket 15% tariff on most goods and up to 50% duty on certain metal products. Korea Post’s suspension of U.S.-bound parcels underscores how e-commerce and start-ups are particularly vulnerable, sparking calls for aggressive policy support to keep the sector competitive.

    Today, the effective tariff rate on South Korean exports to the U.S. has jumped from 1% in early 2025 to about 16%, with stricter visa and compliance policies squeezing both manufacturing and investment flows. South Korea’s outbound FDI to the U.S. has dropped by nearly 45% as firms reassess risk. While landmark investments—like Samsung’s $17 billion semiconductor plant in Texas—endure, broader market challenges remain.

    Thanks for tuning in to South Korea Tariff News and Tracker. Subscribe for all the updates you need. This has been a Quiet Please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    4 分
  • US Imposes 15% Tariffs on South Korean Goods Amid Escalating Trade Tensions and Tech Regulation Disputes
    2025/09/07
    Listeners, here’s your focused update for “South Korea Tariff News and Tracker” as of September 7, 2025.

    The US-South Korea tariff landscape has radically changed through a string of recent executive orders and trade negotiations under President Donald Trump. The headline figure: as of August 1, the US government implemented a 15% tariff on most goods imported from South Korea. This comes directly from an agreement reached after weeks of talks, with US officials stating that the deal also included substantial American investment commitments in return, though many details remain under negotiation according to industry sources and the Ministry of Trade in Seoul. The effect is especially pronounced in product classes like cars, steel, and home appliances, where US tariffs have wiped out prior advantages from the Korea-US Free Trade Agreement.

    Multiple reports—such as coverage by Maeil Business Newspaper—highlight that Korean exports to the US fell 12% over the past month, their sharpest drop since 2022. Automobile and steel exporters are among the hardest hit but critical tech sectors like semiconductors or advanced batteries, which saw robust sales earlier in the year, are now facing threats of tariff expansion. Trump declared just days ago at a dinner with industry leaders that the US may soon impose steep new tariffs on foreign semiconductors unless manufacturers bring production to American soil.

    Relations in the tech sector have further soured after the South Korean parliament advanced the contentious Online Platform Act, which the White House and many US tech associations believe unfairly targets American companies while sparing Chinese counterparts. Both Trump and trade groups warn this could trigger even “substantial additional tariffs” unless South Korea amends these digital regulations. The Computer & Communications Industry Association estimates over $100 billion in US tech market revenue could be affected.

    While South Korean President Lee Jae-myung and his administration insist they’re acting to increase digital fairness, American negotiators say the approach risks fueling a major trade clash. The US State Department continues to urge Seoul to lower barriers for American technology companies and ensure due process for firms facing competition investigations, but so far the two sides have not reached a final accommodation.

    President Trump is also preparing to visit South Korea next month for the Asia-Pacific Economic Cooperation summit, where economic and trade collaboration will be central topics. Many expect him to press for further market opening and to negotiate directly with Korean and Chinese leaders on pending tariff matters.

    Major Korean conglomerates, including Samsung, Hyundai, SK, and LG, are pledging billions in new US investments to mitigate risks and maintain market access. For now, Korean exporters are facing considerable uncertainty, with tariff rates and affected sectors potentially shifting at short notice.

    Thank you for tuning in. Please subscribe, and stay updated with us for the evolving story on South Korea and US tariffs. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    4 分
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