Trump hikes tariffs on South Korea to 25%; cites legislative delay in enacting 'historic' trade deal - The Times of India
Former US President Donald Trump has announced a sharp increase in tariffs on South Korean imports, raising duties to 25 percent. The decision comes amid growing frustration over delays in passing a long-pending trade agreement that Trump has repeatedly described as historic. He blamed legislative inaction in South Korea for slowing progress, arguing that the delay harms American industries and workers. The move signals a tougher stance on trade enforcement and reflects Trump’s long-standing preference for aggressive tariff measures to push foreign governments into faster negotiations. South Korea, a key US ally and major trading partner, now faces added pressure to accelerate approval of the agreement to avoid economic fallout. Analysts warn the tariff hike could affect bilateral trade, increase costs for businesses, and strain diplomatic relations. The announcement has also reignited global concerns about protectionist policies and their impact on international markets.
The Key points
- Trump raised tariffs on South Korean imports to 25 percent.
- The hike is linked to delays in passing a major trade deal.
- Legislative slowdown in South Korea was cited as the main reason.
- Trump called the agreement a “historic” trade opportunity.
- The move aims to pressure faster approval of the deal.
- South Korea is a major US trading partner and ally.
- Higher tariffs may increase costs for businesses and consumers.
- Analysts fear strain on US–South Korea trade relations.
- The decision reflects Trump’s hardline trade strategy.
- Global markets remain cautious about renewed tariff tensions.
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