Trump Announces New Tariff Strategy

U.S. President Donald Trump has unveiled plans to impose a reciprocal tariff rate of 15-20% on approximately 200 countries that have not yet secured trade agreements with the United States. This move, announced during a meeting with British Prime Minister Keir Starmer in Scotland, aims to level the playing field for U.S. goods abroad.

Impact on South Korea and Other Nations

With South Korea previously notified of a 25% mutual tariff, analysts fear the country may find itself at a competitive disadvantage. The U.S. has already finalized agreements with the UK, Japan, EU, and others, setting a precedent that could pressure remaining nations to negotiate favorable terms.

Negotiations and Market Openings

Trump's strategy includes leveraging trade negotiations to open foreign markets, as seen with Japan's unprecedented opening of its rice market. The President also mentioned China, hinting at expectations for market accessibility similar to that granted by Japan and other nations.