- On January 26, Trump announced a tariff increase on South Korean cars, pharmaceuticals, and wood from 15% to 25% due to the failure of the South Korean legislature to ratify a trade agreement.
- This announcement led to a significant drop in South Korean automotive stocks, with Hyundai and Kia initially falling by up to 5% and 4% respectively, before regaining some losses.
- The South Korean government is discussing response measures, as Trump's authority to unilaterally impose tariffs is facing legal scrutiny.
