South Korea sought to reassure the U.S. on Tuesday of its commitment to a trade deal after President Donald Trump warned of higher tariffs on autos and other imports, blaming a βdelay in enacting the agreement agreed last year.
Trump said on Monday that βSouth Korea's parliament was "not living up" to its side of the deal by swiftly enacting the agreement he reached with President Lee Jae Myung to make huge investments in U.S. business projects in return for tariff cuts.
For South Korea, the decision, which officials in Seoul said caught them by surprise, is βthe latest setback as it tries to navigate the alliance and trade partnership amid potential challenges to its security and financial βstability posed by Trump's demands.
Trump and Lee struck a deal in principle
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