US President Donald Trump has threatened to raise tariffs on South Korean exports from 15 percent to 25 percent, citing Seoul’s delay in ratifying a trade deal. Trump criticized South Korea’s legislature for not approving the trade pact quickly enough, leading him to consider increasing tariffs on automobiles, lumber, and pharmaceutical products. The White House has yet to issue an executive order implementing the higher tariffs, following the framework trade deal announced in July between the US and South Korea.
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