Trade Turbulence: Trump's Tariff Tango

President Donald Trump announces an increase in tariffs on South Korean goods due to the country's delayed approval of a trade framework. The move follows a pattern of using tariffs to influence other nations, affecting international relations and the global economy.

On Monday, President Donald Trump announced plans to increase tariffs on imports from South Korea, citing the country's national assembly's failure to approve a trade framework announced last year.

Trump's tariffs will impact imports such as autos, lumber, and pharmaceutical drugs, raising the rate on certain goods from 15% to 25%. The announcement comes as part of Trump's strategy of leveraging tariffs to negotiate favorable trade deals with other nations.

South Korea's presidential office stated that the U.S. has not officially communicated the tariff plan but indicated upcoming high-level discussions. The move fits Trump's pattern of using tariffs to exert pressure on international trade partners, with reverberations expected across the global economy.

(With inputs from agencies.)