U.S. President Donald Trump announced the imposition of reciprocal tariffs, while the White House stated that existing tariff items on steel, aluminum, and automobiles would not be subject to additional reciprocal tariffs.
On the 2nd (local time), the White House issued a report reference material explaining this. According to the White House, in addition to steel, aluminum, and automobiles, items such as ▲copper, pharmaceuticals, semiconductors, and timber ▲items subject to the Trade Expansion Act's Section 232 in the future ▲gold bullion ▲energy and certain minerals that cannot be obtained in the United States are also exempt from reciprocal tariffs.
Meanwhile, the current reciprocal tariffs consist of the basic tariff and individual tariffs for so-called 'worst countries.' Each of these will take effect on the 5th and 9th of this month. Individual tariffs have been imposed on South Korea, China, Japan, the European Union (EU), Taiwan, among others. As a result, South Korea will face a 25% tariff in the United States.