South Korea Rushes Trade Bill After Trump Threatens 25% Tariffs on Autos and Pharma
South Korea is moving to fast-track trade legislation after Trump threatened to hike tariffs on vehicles and pharmaceuticals from 15 percent to 25 percent.The escalation follows delays in the National Assembly regarding a framework that includes a $350 billion investment pledge into the USA economy.Trade officials including
Kim Jung-kwan and
Yeo Han-koo are now traveling to Washington for talks with
Howard Lutnick and
Jamieson Greer to resolve the dispute.
Published:Tuesday