US raises tariffs on South Korean imports

DW
DW 6d South Korea
Donald Trump announced a new 25% tariff on imports from South Korea.
US raises tariffs on South Korean imports
Why it matters
Trump said Seoul was not complying with a bilateral trade deal concluded in October; South Korea has not yet ratified that agreement in its National Assembly, a step expected in late February or early March, and had indicated it would accept 15% tariffs on key exports such as cars and pharmaceuticals alongside a $350 billion US investment commitment tied to the 15% rate.
TOPICS

World & Politics Trade & Tariffs

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