Trump Slaps 25% Tariff on South Korea, Citing Trade Deal Delay as US Targets Autos, Lumber and Pharma Imports

US President Donald Trump has announced a 25% increase in tariffs on imports from South Korea, claiming the country failed to uphold commitments made under a trade agreement reached last year. The new tariffs target key sectors such as automobiles, lumber, and pharmaceuticals. Trump stated the move was prompted by delays in South Korea’s approval process, raising fresh concerns over rising trade tensions and their impact on bilateral economic relations.
 

Trump Punishes South Korea With 25% Tariff Hike Over Delay In Trade Agreement

US President Donald Trump has announced he's hiking tariffs on South Korean imports to 25%, claiming Seoul isn't holding up its end of a trade deal from last year. The tariffs will hit products such as automobiles, lumber, and pharmaceuticals and are a response to South Korea's slow approval of the deal, according to Trump.