Trump says U.S. to raise tariffs on South Korean cars, other imports to 25%

WASHINGTON - U.S. President Donald Trump said Monday he has decided to raise tariffs on automobiles and other goods from South Korea to 25 percent from 15 percent, venting his frustration that last year's "historic" bilateral trade deal has not yet been approved by the Asian nation's legislature.

Besides autos, Trump's abrupt announcement on social media said lumber and pharmaceuticals from South Korea, as well as other imports targeted by his so-called reciprocal tariffs, will face the increased rate.