This isn’t just about tariffs—it’s about wallets. That 15% hike could mean pricier Hyundais, Samsung gadgets, and even your favorite Korean sheet masks. With the Fed keeping rates high, consumers and businesses might feel the squeeze from both sides. It’s a reminder that trade wars aren’t just headlines; they hit store shelves.

President Donald Trump announced a new trade deal with South Korea with a 15% import tax on South Korean goods. The new deal could impact the country’s top exports to the United States, including vehicles and electronics as well as popular skin care and cosmetics. It comes as the Federal Reserve announces it will not lower its key interest rate. NBC’s Peter Alexander reports for TODAY.

President Trump just rolled out a new trade deal with South Korea, slapping a 15% import tax on their goods—think cars, electronics, and even K-beauty products like skincare and cosmetics. This move drops as the Federal Reserve holds steady on interest rates, adding another layer to the economic puzzle.