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Trump imposes new tariffs on South Korean auto, lumber, and drug imports, citing trade imbalances and pending talks.
President Trump announced new tariffs on South Korean imports of automobiles, lumber, and pharmaceutical products, escalating trade tensions between the two nations.
The move, cited as a response to trade imbalances and unfair practices, aims to protect American industries and boost domestic manufacturing.
It follows South Korea’s failure to approve a previously agreed trade framework and comes amid broader U.S. efforts to enforce bilateral trade commitments.
South Korea has not yet issued a formal response, but its officials expressed concern, and a top minister is set to travel to Washington for talks.
The tariffs, expected to take effect in early February, could trigger retaliatory measures and disrupt supply chains, raising concerns among businesses and policymakers.
Trump impone nuevos aranceles a las importaciones surcoreanas de automóviles, madera y drogas, citando desequilibrios comerciales y negociaciones pendientes.