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Washington, Jan 27 (AP) 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 affirmed in October.
Trump said on social media Monday that import taxes would be raised on autos, lumber and pharmaceutical drugs from South Korea with the rate on other goods going from 15 per cent to 25 per cent. (AP) GRS GRS
Tariffs on South Korean goods increased to 25% due to the national assembly's failure to approve the trade framework. President Donald Trump announced a unilateral increase of import tariffs on South Korean goods to 25% due to the South Korean national assembly's failure to approve a previously agreed trade framework, specifying autos, lumber and pharmaceutical drugs and raising other import rates from 15% to 25%.Press 'Enter' after typing page number.