Trump raises tariffs on South Korea by 10% over failure to enact trade deal

President Donald Trump announced he would raise tariffs on South Korea by 10% over its failure to enact a previously agreed-upon trade deal.

In a post on Truth Social, Trump accused South Korea’s legislature of “not living up to its Deal with the United States,” referring to the trade deal signed on July 30 and reaffirmed on Oct. 29.

“Why hasn’t the Korean Legislature approved it?” Trump asked rhetorically. 

“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%,” he added.

In a statement to CNN, the South Korean Blue House said there was “no official notice or explanation about the details”