Trump Slaps New Tariffs on South Korea, Cites Broken Deal

U.S. President Donald Trump has announced increased tariffs on South Korea. The move comes after he accused the country's legislature of failing to honor a trade agreement. President Trump stated, "South Korea's Legislature is not living up to its Deal with the United States." He did not specify which deal or provide details on the new tariff rates. The announcement targets a major U.S. ally and trading partner. It signals a further escalation in the administration's "America First" trade policy. The existing trade pact between the two nations, known as KORUS, was recently renegotiated. The changes were intended to reduce the U.S. trade deficit with South Korea. South Korean officials have not yet issued a formal response. Market analysts are watching for potential impacts on key industries like automobiles and electronics.