US Tariffs on Medium and Heavy Trucks Threaten South Korean Tractor Exports
US Slaps 25% Tariff on South Korean Tractors, Citing National Security
The United States has imposed a 25% tariff on medium and heavy trucks and related parts, including tractors from South Korea. The measure, effective November 1, 2025, is based on Section 232 of the Trade Expansion Act. The U.S. Department of Commerce investigated the impact of imported goods on national security.
Trump-Era Law Justifies Tariffs Over National Security Concerns
The tariffs stem from a proclamation signed by then-President Trump, directing the imposition of tariffs under Section 232 of the Trade Expansion Act. This law mandates investigations into the impact of imported goods on national security. In addition to medium and heavy trucks, the U.S. is also levying a 10% tariff on imported buses.
South Korean Tractors, Trucks, and Concrete Mixers Face Direct Impact
South Korean exports of medium and heavy vehicles such as tractors, trucks, and concrete mixers are directly affected by the new tariffs. According to the Korea Customs Service, these vehicles and their parts will be subject to the 25% tariff, potentially weakening the export competitiveness of South Korean companies.
Increased Burden on Auto Industry Amid Existing Passenger Car Tariffs
The U.S. already imposes a 25% tariff on passenger cars and light trucks. This new tariff on medium and heavy trucks is expected to further strain the South Korean automotive industry, necessitating swift action from both the government and businesses to develop countermeasures.
