US President Donald Trump said Monday that he would raise tariffs on South Korean goods including autos, lumber and pharmaceuticals, accusing the country of not living up to an earlier trade pact struck with Washington. The increase would bring tariff levels from 15 percent to 25 percent.
“South Korea’s Legislature is not living up to its Deal with the United States,” Trump wrote on his Truth Social platform. He added that he was increasing tariff rates “because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative.”
South Korea’s presidential office said it had not been informed about the tariff hike plans in advance. “Our government intends to convey its commitment to implementing the tariff agreement to the US side, while responding in a calm and measured manner,” Seoul said in a statement.
