Saturday, June 7, 2025

White House Clarifies: South Korea’s Reciprocal Tariff Set at 25%, Not 26%

Shutterstock

The United States has officially confirmed a 25% reciprocal tariff rate on South Korean imports.

On Friday, the South Korean government announced that it had received confirmation from U.S. authorities regarding the 25% rate.

U.S. President Donald Trump initially announced the rate during a press conference at the White House Rose Garden, which was also shown on a panel he presented.

However, confusion followed when an appendix to the White House executive order listed South Korea’s reciprocal tariff rate as 26%.

The discrepancy prompted South Korean officials to seek clarification through diplomatic and trade channels, as a one percentage point difference could significantly affect the value of exports to the U.S.

Sources revealed that the White House amended the appendix on Thursday afternoon, correcting the rate to 25% and notifying the South Korean embassy in Washington, D.C.

The White House website has since been updated, with the revised executive order appendix now reflecting the corrected 25% rate for South Korea, down from the previously listed 26%.

Hot this week

Samsung’s Z Fold 7 Teaser Drops—And It’s Ultra in Every Way

Samsung teases the Galaxy Z Fold 7, showcasing its ultra-thin design and AI features, set for reveal at next month's Unpacked event.

Nvidia Takes the Crown: Stock Market Soars as Tech Giants Rally

Nvidia becomes the world's most valuable company as tech stocks surge, driven by optimism over semiconductor exports to China.

OPEC+ Gains Nearly Erased by Canada’s Oil Crisis

Canadian wildfires cut crude oil production, raising prices amid OPEC+ increases and stalled U.S.-Iran nuclear talks.

Google Rejects DOJ Demand to Share Search Data, Plans Appeal

Google plans to appeal a court ruling on its online search market dominance, claiming the decision is incorrect amid ongoing antitrust scrutiny.

Over 25,000 Evacuated as Wildfires Devastate Central-Western Canada

Wildfires in central-western Canada lead to evacuations for over 25,000 residents due to poor air quality and health risks.

Topics

Samsung’s Z Fold 7 Teaser Drops—And It’s Ultra in Every Way

Samsung teases the Galaxy Z Fold 7, showcasing its ultra-thin design and AI features, set for reveal at next month's Unpacked event.

Nvidia Takes the Crown: Stock Market Soars as Tech Giants Rally

Nvidia becomes the world's most valuable company as tech stocks surge, driven by optimism over semiconductor exports to China.

OPEC+ Gains Nearly Erased by Canada’s Oil Crisis

Canadian wildfires cut crude oil production, raising prices amid OPEC+ increases and stalled U.S.-Iran nuclear talks.

Google Rejects DOJ Demand to Share Search Data, Plans Appeal

Google plans to appeal a court ruling on its online search market dominance, claiming the decision is incorrect amid ongoing antitrust scrutiny.

Over 25,000 Evacuated as Wildfires Devastate Central-Western Canada

Wildfires in central-western Canada lead to evacuations for over 25,000 residents due to poor air quality and health risks.

ALUX Gains as U.S. Weighs National Security Curbs on DJI, Autel Robotics

ALUX shares rise amid reports of Trump's executive order regulating Chinese drones, boosting investor interest in the company's growth potential.

Nvidia’s $7B Blow from China Sanctions Doesn’t Stop Global Chip Rally

Nvidia's strong earnings boosted semiconductor stocks globally despite export restrictions to China, highlighting its market influence.

Nvidia’s Surprise Earnings Spark a Stock Market Rally

New York stocks rose after Nvidia's strong earnings, boosting the AI sector, despite ongoing tariff uncertainties affecting the market.

Related Articles