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South Korean automaker and pharmaceutical stocks were falling after President Donald Trump late Monday threatened to raise tariffs on some Korean imports to 25% because that country's government has been too slow to approve a trade deal reached last year.
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Trump says tariffs on South Korean autos, pharma, to rise to 25% over trade deal approval delay CNBCTrump raises US tariffs on South Korea imports to 25% BBCAsia-Pacific markets set for mixed open as Trump takes aim at South Korea CNBCTrump says he's hiking tariffs on South Korean goods to 25% NBC News
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The administration announced a $1.6 billion deal with USA Rare Earth. The firm also does business with Cantor Fitzgerald, which is run by the sons of President Trump's commerce secretary.
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