The South Korean won stabilized around 1,435 per dollar, following a solid 1.3% gain in the previous session, as markets continued to assess the announcement of President Trump’s trade policies. On Monday, Trump unveiled plans for potential 25% tariffs on Mexico and Canada by February 1, reiterating their roles in enabling undocumented migration and the flow of drugs into the U.S. At the same time, he hinted at stricter tariffs targeting China, South Korea’s largest trading partner, but refrained from introducing specific measures. Meanwhile, in South Korea, economic data revealed that producer inflation rose to a five-month high of 1.7% year-on-year in December 2024, up from 1.4% the previous month.