US President Donald Trump has announced he is raising tariffs on South Korean imports to 25% after accusing Seoul of "not living up" to a trade deal reached last year. In a post on social media, Trump said he would increase levies on South Korea from 15% across a range of products including automobiles, lumber, pharmaceuticals and "all other Reciprocal TARIFFS".
Trump said South Korean lawmakers have been slow to approve the deal while "we have acted swiftly to reduce our TARIFFS in line with the Transaction agreed to". South Korea says it had not been given official notice of the decision to raise tariffs on some of its goods, and wanted urgent talks with Washington over the issue.
Top US defence official hails 'model ally' in South Korea talks
www.nbcrightnow.com
... The Pentagon's number three official hailed South Korea as a "model ally" as he met with local counterparts in Seoul on Monday, days after Washington's new defence strategy called for reduced support for partners overseas.
Under Secretary of Defense for Policy Elbridge Colby arrived in South Korea on Monday and is seen as a key proponent of President Donald Trump's "America First" foreign policy. ...
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