Trump Vows Higher Tariffs for South Korea Months After Trade Deal
AI Summary
In January 2026, President Trump announced increased tariffs on South Korean exports, reverting them to 25 percent. This reverses a previous agreement from October where tariffs were lowered to 15 percent after South Korea pledged a $350 billion investment in the United States. Trump stated the reason for the increase was South Korea's slow implementation of the investment deal, specifically citing delays in the National Assembly. However, South Korean officials maintain that the agreement doesn't require parliamentary ratification, as it was a memorandum of understanding, not a treaty. The announcement caught South Korea off guard, as they claim Washington had not officially informed them of the tariff increase.
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