Trump threatens to hike tariffs on South Korean goods to 25% over inaction on trade deal
WASHINGTON (AP) — President Donald Trump says he is increasing tariffs on South Korean goods because the country’s national assembly has yet to approve the trade framework affirmed in October.
Trump said on social media Monday that import taxes would be raised on autos, lumber and pharmaceutical drugs from South Korea with the rate on other goods going from 15% to 25%.
This is a breaking news story. More information will be added as it comes in.
More Stories
Bloodbath on Wall Street as Democrats seize Congress
Technology stocks led the selloff, wiping out trillions in market value Wall Street suffered a massive selloff on Thursday, led...
What Happens If a Gas Safety Check Fails? A Landlord’s Guide to Unsafe Appliances
A failed check does not necessarily mean the entire property is unsafe or that the whole heating system must be...
Landlord Compliance for HMOs: Which Safety Checks Are Actually Required?
Missing a required inspection or allowing a certificate to expire can create legal problems, delay a licence application and put...
Fire Door Costs for UK Businesses: What Commercial Landlords and SME Owners Should Budget For
The final cost of the fire door installation will vary based on the number of doors, type of door, whether...
What Is an Energy Performance Certificate and Why Does It Matter?
The certificate also gives an indication of the energy performance of the property and suggests what changes may be made...
Putin puts Japanese tobacco giant’s Russian assets under temporary control
The decision affects four businesses belonging to Japan’s JTI, the maker of Winston, Camel and Sobranie cigarettes Russian President Vladimir...