US announces 12.5% tariffs on S. Korea over forced labor concerns

US President Donald Trump's administration on Thursday announced its final decision to impose up to 12.5 percent tariffs on South Korea, Japan and other trading partners over forced labor concerns. The Office of the US Trade Representative unveiled the new tariffs ranging from 10 percent to 12.5 percent on dozens of countries after conducting investigations into 60 economies under Section 301 of the 1974 Trade Act to determine whether they had taken sufficient steps to ban imports made with forc