Trump Raises Tariffs On South Korean Goods To 25%
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President Trump has announced a 10% increase in tariffs on South Korean goods, raising them to 25%. This decision follows South Korea's failure to fulfill a trade agreement made last year. Trump emphasized the importance of trade deals and expressed frustration over the Korean Legislature's inaction. The new tariffs will affect various sectors, including autos and pharmaceuticals, although the implementation date has not been specified. In response, South Korea's presidential office is convening for trade discussions with U.S. officials.
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