Trump says he will impose new tariffs on South Korea, sending shares in carmakers tumbling
US president says tariffs on automobiles, lumber and pharmaceuticals will rise to 25%, accusing Seoul of not living up to a trade deal struck last yearDonald Trump has said he is raising tariffs on South Korean goods including automobiles, lumber and pharmaceuticals, accusing the country of not...
<p>US president says tariffs on automobiles, lumber and pharmaceuticals will rise to 25%, accusing Seoul of not living up to a trade deal struck last year</p><p>Donald Trump has said he is raising tariffs on South Korean goods including automobiles, lumber and pharmaceuticals, accusing the country of not living up to a trade deal struck last year and sending shares in Korean carmakers tumbling.</p><p>In a post on social media, the US president said the tariffs paid on South Korean exports into America would rise from 15% to 25% because the “Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative”.</p> <a href="https://www.theguardian.com/world/2026/jan/27/trump-raises-south-korea-tariffs-carmakers-shares-fall">Continue reading...</a>
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