Washington: The White House confirmed Thursday that the United States will impose a 26 percent reciprocal tariff on imports from South Korea, following discrepancies between President Donald Trump's public statements and official documentation.
According to Yonhap News Agency, during a Rose Garden event, President Trump displayed a list indicating a 25 percent reciprocal tariff rate for South Korea. However, an annex to an executive order, later posted on the White House website, revealed a 26 percent rate for South Korean imports. In response to a request for clarification, the White House advised to "go with the annex."
On Wednesday, President Trump announced the implementation of a minimum 10 percent "baseline" tariff on all U.S. imports. Additionally, the reciprocal tariffs are set to take effect at 12:01 a.m. on Saturday and 12:01 a.m. next Wednesday, respectively.