Last updated: 2026-01-27 08:41:06 ET
President Trump said he would raise import levies for American buyers of South Korean cars, lumber, pharmaceuticals and other items, despite a deal reached in July.
President Donald Trump says he is increasing tariffs on South Korean goods because the country’s national assembly has yet to approve the trade framework announced last year
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The bill aims to establish a state-run investment corporation and fund to manage Seoul's planned $350 billion investment pledge to Washington.
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Trump has accused Seoul of "not living up" to a trade deal that was reached last year.
President Trump threatened to increase tariffs on South Korean exports, including cars, citing the country’s slow ratification of a trade deal.
President Trump is hiking tariffs on imports from South Korea, saying its government has reneged on an agreement to approve a bilateral trade deal.
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