Trump warns companies coming to US could face 50% tariffs if they exploit system

U.S. President Donald Trump has warned that tariffs could climb as high as 50 percent if foreign companies attempt to take advantage of the United States. The warning comes ahead of week's midterm elections, as Trump also raises the possibility of military action against Iran. Lee Seung-jae has more. U.S. President Donald Trump has warned that tariffs could rise as high as 50 percent if foreign companies investing in the United States attempt to take advantage of the country. In an interview with Fox News on Sunday, Trump accused Japan, South Korea, and China of undermining the American automotive industry, claiming that his tariff policies are bringing manufacturing back to the United States. Trump said foreign automakers are returning because they want to avoid paying a 25-percent tariff. He added that he has kept tariffs relatively low, but warned that he could raise them to 50 percent if companies attempt to exploit the United States. However, Trump did not identify any specific companies or provide examples of how foreign investors might be taking advantage of the country. With the U.S. midterm elections week, the are being interpreted as an effort to reinforce his administration's commitment to protecting American industries and bringing manufacturing jobs back . Meanwhile, Trump also addressed tensions with Iran during the interview, suggesting that Washington faces a choice between reaching a diplomatic agreement and taking decisive military action. He said the United States could either settle the issue once and for all, which he described as easy to accomplish, or negotiate a deal with Tehran. Lee Seung-jae, Arirang News.

Reporter Lee Seung-jae [email protected]

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