00:00The United States is raising tariffs on a range of South Korean goods after President Donald Trump accused Seoul of dragging its feet on a trade deal agreed last year.
00:10The White House says tariffs on South Korean cars and other products will jump from 15% to 25%.
00:18The increase will also affect lumber, pharmaceuticals and other goods covered by reciprocal trade measures.
00:26For now, there is still no word on when the higher tariffs will actually take effect.
00:33South Korea's ruling party said it is ready to work with the opposition to push through stalled legislation needed to formally approve South Korea's investment pledges in the United States.
00:45The move comes despite a preliminary deal struck last July between Trump and South Korean President Lee Jae-myung.
00:52Under that agreement, Seoul promised $350 billion in investment in return for lower tariffs on its exports.
01:01Talks have since dragged on over wider trade issues, including U.S. concerns about South Korean rules affecting American technology companies.
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