Trump says he is raising tariffs on South Korea to 25% 

United States President Donald Trump has threatened to hike tariffs on South Korean exports over the East Asian country’s failure to ratify a trade deal with Washington fast enough.

In a post on Truth Social on Monday, Trump said he would raise the tariff rate from 15 percent to 25 percent due to the failure of the South Korean legislature to ratify the trade pact struck between Washington and Seoul earlier this year.

“South Korea’s Legislature is not living up to its Deal with the United States,” Trump said.

“Why hasn’t the Korean Legislature approved it?” he added.

More to follow…