Trump Says He Will Raise Tariffs on South Korea to 25%

Key Highlights

• Tariffs on South Korean goods will rise from 15% to 25%.
• Trump criticized South Korea for not ratifying a trade agreement reached in October.
• The tariff increase affects imports like autos, lumber, and pharmaceuticals.
• The announcement comes amid concerns over affordability and cost of living in the U. S.
• Trump made the announcement via social media.