Trump threatens to hike tariffs on South Korean goods over inaction on trade deal

President Trump announced Monday he is increasing tariffs on South Korean goods because their national assembly has not approved the trade framework announced last year. The increased import taxes will affect autos, lumber, and pharmaceutical drugs, while other goods will see a tariff increase from 15% to 25%. Trump stated that the U.S. has reduced its tariffs in line with agreed-upon transactions and expects trading partners to do the same. This threat follows a pattern of Trump using tariffs as leverage in trade negotiations, potentially disrupting the global economy. The move comes after Trump recently threatened tariffs on European nations and Canada over trade disagreements. The administration's relations with South Korea have been strained, including a raid at a Hyundai manufacturing site last year.

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