Trump hikes tariffs on South Korea to 25%; cites legislative delay in enacting 'historic' trade deal
President Trump announced a 25% tariff hike on South Korean autos, lumber, and pharmaceuticals, citing the nation's legislature for failing to ratify their trade agreement. This move follows previous threats and aims to pressure Seoul to uphold the deal, which includes a $350 billion investment pledge.
President Trump announced a 25% tariff hike on South Korean autos, lumber, and pharmaceuticals, citing the nation's legislature for failing to ratify their trade agreement. This move follows previous threats and aims to pressure Seoul to uphold the deal, which includes a $350 billion investment pledge.
