Donald Trump has said he will increase tariffs on South Korea to 25 per cent in response to Seoul’s slow pace in enacting the trade deal it struck with the US last year.
In a post on Truth Social on Monday, the US president said the increase would apply to all goods covered by his “reciprocal” tariffs, along with cars, lumber and pharmaceutical goods.
“Our Trade Deals are very important to America,” Trump wrote. “In each of these Deals, we have acted swiftly to reduce our TARIFFS in line with the Transaction agreed to. We, of course, expect our Trading Partners to do the same.”
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