South Korea's Legislature is not living up to its Deal with the United States.
The promise
Trump announced that tariffs on specified South Korean imports would rise from 15 percent to 25 percent. He named automobiles, lumber, pharmaceuticals, and other goods covered by his reciprocal tariff policy. He blamed the South Korean legislature for failing to enact the trade arrangement negotiated with President Lee Jae Myung. The supporting argument was that tariff relief should depend on trading partners carrying out their commitments. The objection was that domestic legislative and administrative processes take time and that sudden tariff changes create uncertainty for businesses. The announcement did not provide a clear effective date or demonstrate that every implementing step had been completed.
