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2026 Vol.53, Issue 2 Preview Page

Management & Economics

The impact of Trump 2.0 tariff measures on the Korean pork market
Jun Su Lim1†
,
Jin Woo Oh1†
,
Byung Min Soon1*
1Department of Agricultural Economics, Chungnam National University, Daejeon 34134, Korea
*Corresponding Author
†These authors equally contributed to this study as first author.
1 June 2026. pp. 131-146
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Abstract

The recent strengthening of U.S. protectionist trade policies has generated significant disruptions in the structure of international agricultural and livestock trade. This study investigates the indirect spillover effects of strengthened U.S. protectionist trade policies under the Trump 2.0 administration on the Korean pork market, with a particular focus on tariff measures imposed on pork imports from the EU and Canada. A multi-country partial equilibrium model incorporating Korea, the United States, the EU, and Canada is constructed to simulate changes in U.S. tariff rates and to quantitatively assess resulting adjustments in bilateral trade flows, domestic supply, and prices. The empirical results show that U.S. import restrictions significantly reduced EU and Canadian pork exports to the United States, leading to a reallocation of export volumes toward third-country markets such as Korea. This trade diversion effect generated substantial changes in Korea’s pork import structure as well as notable impacts on domestic production and price levels. The findings provide empirical evidence that trade policy changes in a specific country can exert significant indirect effects on third-country agricultural markets and suggest important policy implications, including the need for import diversification, enhanced government market monitoring, and the implementation of price stabilization measures.

Keywords
indirect spillover effects
Korean pork market
multi-country partial equilibrium model
Trump 2.0 tariff policy
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Information
  • Publisher :Institute of Agricultural Science, Chungnam National University
  • Publisher(Ko) :충남대학교 농업과학연구소
  • Journal Title :Korean Journal of Agricultural Science
  • Journal Title(Ko) :농업과학연구
  • Volume : 53
  • No :2
  • Pages :131-146
  • Received Date : 2026-01-21
  • Revised Date : 2026-03-02
  • Accepted Date : 2026-03-19
  • DOI :https://doi.org/10.7744/kjoas.530203
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