Donald Trump announced the increase of tariffs on products from South Korea from 15% to 25% because it "does not comply" with the trade agreement.
Lara Maior
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International
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President Donald Trump has announced that he will increase tariffs on products from South Korea from 15% to 25%, citing the unapproved trade agreement by the Korean legislature. Among the affected products are automobiles, lumber, and pharmaceuticals. Although it is unclear whether the change has already taken effect, the White House has not provided additional details. Following the announcement, the Kospi index in South Korea fell by over 1%, and Hyundai shares dropped by 2.2%. South Korea exports goods worth 132 billion dollars to the U.S., and the increase in tariffs could make these products more expensive. Trump previously announced a trade agreement that prevented tariff increases, but now, without its ratification, tariffs will be raised. The South Korean Minister of Trade will travel to the U.S. to discuss the situation.
Sources
Trump spune că majorează tarifele vamale pentru Coreea de Sud deoarece aceasta „nu respectă” acordul comercial
Trump lovește un important partener strategic: majorare dură pe taxele vamale pentru bunurile importate din Coreea de Sud
Trump says he will impose new tariffs on South Korea, sending shares in carmakers tumbling
Trump says he is raising tariffs on South Korea to 25%
Trump says he's raising tariffs on South Korea to 25%
UPDATE Taxe vamale: Trump anunță că produsele sud-coreene vor fi taxate cu 25%
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