Trump Threatens 25% Tariffs on South Korean Goods Over Trade Pact Dispute

• Donald Trump announced plans to raise tariffs on South Korean goods from 15% to 25%.
• The increase targets autos, lumber, pharmaceuticals, and other goods, citing South Korea's failure to uphold a trade pact.
• Trump stated the Korean Legislature has not enacted the "Historic Trade Agreement" previously struck.
• This move reverses a deal made months ago that lowered US tariffs on South Korean cars from 25% to 15%.
• The auto industry constitutes 27% of South Korea's exports to the US, making it a significant target.

Why It Matters: Trump threatens higher tariffs on South Korean goods, reversing a recent trade agreement due to non-compliance.