Trump Sets 150-300% Tariff Deadline for Foreign Firms to Build U.S. Plants
President Donald Trump has issued a new ultimatum to foreign nations, warning that companies from China, Japan, South Korea, and Canada face tariffs of 150 to 300 percent if they do not invest in U.S. manufacturing within 18 months. The threat, delivered at a campaign rally in Ohio, specifically targets South Korea’s delayed $350 billion investment commitment and Canada’s ongoing trade disputes. While Trump claims his strategy has attracted trillions in investment, officials in Seoul and Ottawa remain skeptical, citing unresolved issues over revenue distribution and retaliatory measures that have already disrupted billions in bilateral trade.