US President Donald Trump said on Monday that he would raise tariffs on imports from South Korea, accusing the country of “not living up to its deal” with the US. Tariffs had declined to 15 per cent but, assuming his threat is carried out, will jump back to 25 per cent.
“Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS,” he wrote on social media.
