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U.S. President Donald Trump says Washington and Seoul will “work something out” after announcing higher tariffs on South Korean imports, citing unmet investment pledges and a widening U.S. trade deficit.

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00:00U.S. President Donald Trump says Washington and Seoul will work something out.
00:05after his surprise move to raise tariffs on South Korean imports to 25%.
00:10Trump made the comments after accusing South Korea's parliament of failing to deliver.
00:15on a trade deal reached last year.
00:20US trade negotiator Jameson Greer said the U.S. had previously cut tariffs on South Korean goods.
00:25to 15% from 25% in exchange for Seoul's pledge to...
00:30invest 350 billion dollars in the U.S.
00:33open its market further to American...
00:35cars and remove non-tariff barriers.
00:37He said those commitments have not been met.
00:40with key investment bills still stalled in South Korea's parliament and progress lagging.
00:45Trump has also cited a growing U.S. trade deficit with South Korea...
00:50around 65 billion dollars calling it unsustainable.
00:53South Korean officials say...
00:55Parliament is expected to take up the pending bills in February...
00:58though economic headwinds could delay...
01:00the actual investments.
01:01Meanwhile tensions have been compounded by U.S. concerns.
01:05over South Korean digital regulations that could disadvantage American companies...
01:10the claims Seoul has denied.
01:11the claims Seoul has denied.
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