January 27, 2026 10:35 AM
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US President increases tariffs on South Korean goods from 15 to 25 %
US President Donald Trump announced an increase in tariffs on South Korean goods to 25 per cent from 15 per cent, citing the Korean Legislature’s failure to enact a trade agreement. Writing on Social media, Trump said the higher tariffs would apply to autos, lumber, pharma and other reciprocal tari...