Trump Threatens 25% Tariffs on South Korea Over Delayed Trade Deal Approval

• US President Donald Trump has threatened to impose 25% tariffs on South Korean goods due to the South Korean parliament's delay in approving a trade agreement.
• The tariffs would significantly increase the cost of South Korean cars, pharmaceuticals, wood, and other exports to the US.
• A trade agreement was reached on July 30, 2025, and ratified by both countries on October 29, 2025, but South Korea's parliament has not yet given legal approval.
• Trump expressed frustration, stating that the US parliament acted swiftly while South Korea procrastinated, leading to his aggressive stance.
• This decision has caused global market stir, particularly in the auto and tech industries, raising fears of a potential stock market crash.

Why It Matters: Trump's tariff threat over a delayed trade deal could severely impact South Korea's exports and global markets.