Tag: South Korea

Tariffs on imported autos, pharmaceuticals, and lumber from South Korea are rising to 25% because the country’s legislature hasn’t enacted the trade agreement with the U.S., President Donald Trump said Monday.

South Korea will seek favourable terms for U.S. tariffs on imports of memory chips, a presidential office spokesperson said at a televised briefing on Sunday.

The yen took a hit on Tuesday from U.S. President Donald Trump reiterating his plan to impose 25% tariffs on goods from Japan and South Korea in the latest twist of his chaotic trade war.