Trump has accused Seoul of “not living up” to a trade deal that was reached last year. 

​Trump has accused Seoul of “not living up” to a trade deal that was reached last year.  

India and the European Union have finalized a comprehensive free trade agreement after 18 years of talks, poised to boost trade and investment. The deal, expected to be announced Tuesday, aims for significant tariff reductions on most goods, with India gaining market access for textiles and leather, while offering concessions on automobiles and wines. Implementation is anticipated by early 2027.

President Trump announced a 25% tariff hike on South Korean autos, lumber, and pharmaceuticals, citing the nation’s legislature for failing to ratify their trade agreement. This move follows previous threats and aims to pressure Seoul to uphold the deal, which includes a $350 billion investment pledge.