Trump Vows to Raise Tariffs on South Korea to 25%

Summary

President Donald Trump has threatened to raise tariffs on South Korean goods to 25%, citing South Korea's failure to codify a trade deal. Troy Stangarone of the Carnegie Mellon Institute for Strategy and Technology says such tariff threats often go into effect, but this dispute may be resolved. He warns that if tariffs rise, South Korean businesses would be disadvantaged versus Japanese and European Union competitors. The discussion also covers US-South Korea relations, including defense spending and nuclear submarine cooperation.

• Trump threatens 25% tariffs on South Korean goods over unratified trade deal.
• Guest says Trump tariff threats have often ultimately gone into effect.
• Korean Prime Minister recently met with VP Vance; deal may still be resolved.
• US-South Korea relationship has ups and downs, including Georgia immigration raid and nuclear sub cooperation.
• If tariffs rise, Korean businesses face disadvantage versus Japan and EU.
• Speaker sees the tariff issue as serious but potentially resolvable.