Agency News

⚡US President Hikes Tariffs on South Korean Autos, Pharma to 25% over Stalled Trade Deal

By ANI

Announcing the move on Truth Social, Trump said, 'Because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%.' It remains unclear whether the revised tariff rates have already come into force.

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