South Korean-based automaker Hyundai Motor is the largest importer of new vehicles from that country into the United States.

President Donald Trump said Monday that he was increasing tariffs on imported autos, pharmaceuticals, and lumber from South Korea from 15% to 25% because of a delay in that country’s legislature approving a trade deal with the United States reached last summer.

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

  • Em Adespoton@lemmy.caEnglish
    9·
    5 hours ago

    Hi South Korea. I’m representing the rest of the world. We’d be happy to have preferred trade agreements with you to cover any shortfalls you may experience due to the US charging their citizens to purchase your products.