Trump says tariffs on South Korean autos, pharma, to rise to 25% over trade deal approval delay

President Donald Trump said Monday that he was increasing tariffs on imported autos, pharmaceuticals, and lumber from South Korea from 15% to 25% because of a delay in that country’s legislature approving a trade deal with the United States reached last summer.

“South Korea’s Legislature is not living up to its Deal with the United States,” Trump said in a Truth Social post.