US EditionTrump says 'we'll work something out with South Korea' after tariff threat
Trump cited South Korea's failure to enact trade legislation, threatening to raise tariffs from 15% to 25%, while negotiators plan talks to resolve issues this week.
- On Jan 27, President Donald Trump said the United States and South Korea will work out a solution after his Jan 26 tariff announcement, telling reporters he would `We'll work something out with South Korea`.
- Earlier this month, US negotiators described the conditional tariff cut to 15 per cent in exchange for Seoul's $350 billion investment pledge, but Jamieson Greer, US Trade Representative, said, 'But, in the meantime, they haven't been able to get a bill through to do the investment.'
- Five pending bills delay US investment, and Greer said `they haven't been able to get a bill through`, with the US trade deficit ballooning to US$65 billion.
- On Jan 28, Cho Hyun, South Korean Foreign Minister, said Seoul contacted the US State Department and found no direct link to Coupang, though a source said regulatory actions may have prompted the White House move.
- With legal uncertainty looming, US Trade Representative Jamieson Greer said he spoke with South Korean officials early Tuesday and would meet later this week, adding `I think that they are getting the message`.
25 Articles
25 Articles
Our most-read: Updating Trump’s latest tariff threats
Topping the charts: Trump, promising tariff hikes while awaiting deal’s approval, asks: ‘Why hasn’t the Korean legislature approved it?’ Tariffs on imports from South Korea will rise from 15 to 25 percent, President Trump said, citing the lack of legislative approval of a trade pact – which also included major Korean investments in U.S. industry. “Because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerog…
Administration Raising Tariffs on South Korea by 25 Percent
(NAFB.com) – President Donald Trump said he is raising tariffs on South Korean imports by 25 percent. The BBC said Trump announced the move after accusing Seoul of not living up to the trade deal it reached with the U.S. in 2024. In a social media post, Trump said he’ll increase levies on South Korea from 15 percent across a range of products, including cars, lumber, and “all other reciprocal tariffs.” Trump said South Korean lawmakers have drag…
Donald Trump announces higher tariffs on South Korean goods. The government in Seoul reacts worriedly. A trade agreement stands on the tip. An analysis.
The American president promised higher tariffs on automobiles and other products because South Korea has not fulfilled its part of the trade agreement signed last year.
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