WASHINGTON, April 4 — U.S. President Donald Trump’s administration has revised a reciprocal tariff rate for South Korea to 25 percent from the previous 26 percent, an annex to an executive order showed Thursday, as Seoul sought a lower rate, Yonhap news agency reported.
The initial annex on the White House website showed a 26 percent tariff for South Korea Wednesday, creating confusion as President Donald Trump presented a list of reciprocal tariffs, including 25 percent duties for South Korea, during a White House Rose Garden event.
Seoul had asked for a reason over the difference and sought to lower the rate.
At the public event, Trump announced plans to impose a minimum 10 percent “baseline” tariff on all imports to the U.S. and reciprocal tariffs, which will go into effect at 12:01 a.m. on Saturday and at 12:01 a.m. next Wednesday, respectively.
