US president says tariffs on automobiles, lumber and pharmaceuticals will rise to 25%, accusing Seoul of not living up to a trade deal struck last year
Donald Trump has said he is raising tariffs on South Korean goods including automobiles, lumber and pharmaceuticals, accusing the country of not living up to a trade deal struck last year and briefly sending shares in Korean carmakers tumbling.
In a post on social media, the US president said the tariffs paid on South Korean exports into America would rise from 15% to 25% because the “Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative”.
Continue reading…
Source link : https://www.theguardian.com/world/2026/jan/27/trump-raises-south-korea-tariffs-carmakers-shares-fall
Author : Guardian staff and agencies
Publish date : 2026-01-27 03:24:00
Copyright for syndicated content belongs to the linked Source.
