(Sharecast News) - Donald Trump has threatened to lift tariffs on South Korean imports to 25% as he accused the country of not "not living up" to a trade deal agreed last year.
In a post on Truth Social on Tuesday, the US President said: "South Korea's Legislature is not living up to its Deal with the United States. President Lee and I reached a Great Deal for both Countries on July 30, 2025, and we reaffirmed these terms while I was in Korea on October 29, 2025. Why hasn't the Korean Legislature approved it?
"Because the Korean Legislature hasn't enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%."
According to Yonhap News Agency, South Korea's ruling Democratic Party has responded by announcing plans to pass a special act on the US trade deal by the end of February.
Trump's latest threats came after he said he would impose a 100% tariff on goods imported from Canada if it agrees a trade deal with China.
In a Truth Social post on Saturday, the US president said that if Canadian Prime Minister Mark Carney "thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken".
"China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life," Trump wrote. "If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A. Thank you for your attention to this matter!"