Trump Announces Increased Tariffs on South Korean Goods

Washington, D.C. – U.S. President Donald Trump announced Monday that he is raising tariffs on South Korean exports to the United States, citing delays in the ratification of a trade deal between Washington and Seoul. Trump stated in a post on Truth Social that tariffs would increase from 15 percent to 25 percent, according to Al Jazeera.

The tariffs will affect South Korean goods including automobiles, lumber, and pharmaceuticals, according to The Guardian. Trump accused South Korea of not fulfilling its obligations under the trade agreement struck last year. Shares in Korean carmakers reportedly dipped briefly following the announcement.

The US official, speaking to reporters on condition of anonymity on Monday, made the comment after the body of the last Israeli captive in Gaza was recovered, a move that paves the way towards the next phase of the Gaza ceasefire deal agreed upon in October.

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