Latest Korea Institute for Industrial Economics and Trade News & Updates

Seoul, Jan 27 (IANS) US President Donald Trump’s surprise announcement to raise tariffs on South Korea appears to be aimed at pressuring the country to swiftly carry out its investment pledge to the United States amid domestic uncertainties, including the U.S. Supreme Court’s planned ruling on the legality of the tariffs, experts here said on Tuesday.Earlier in the day, Trump said in a social media post that he is raising “reciprocal” tariffs and auto duties on South Korea to 25 per cent from 15…