January 26, 2026
Trump threatens to hike tariffs on South Korean goods to 25% over inaction on trade deal
President Donald Trump says he is increasing tariffs on South Korean goods because the country's national assembly has yet to approve the trade framework affirmed in October.
TL;DR
- President Donald Trump is increasing tariffs on South Korean goods.
- The tariffs are a response to the South Korean national assembly not approving the trade framework.
- The trade framework was affirmed in October.
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