Trump promises to increase tariffs on South Korea to 25%.

President Donald Trump is planning to increase tariffs on South Korean imports, including cars and pharmaceuticals, from 15% to 25%, citing South Korea's failure to fulfill a previously established trade agreement. While Trump announced this on social media, he did not specify when the increase would take effect, and the White House has not released official documentation. The original framework agreement aimed to enhance U.S. car imports and included substantial South Korean investments in the U.S. However, ratification of the agreement by South Korea's National Assembly remains pending.