South Korea are said to be in talks with Washington amid tariffs claims from Donald Trump during his speech to Congress.

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Geopolitical trade and international relations may be fractured by U.S. tariffs, but domestic consumers, the economy and markets may be the ones hurt the most.

The presentation came about 12 hours after President Trump pulled the trigger on a 25% tariff for products coming in from Canada and Mexico, plus 10% added to Chinese imports for a 20% total tariff. Current production for North America is about 63,900 vehicles a day, with 41,700 in the US, 17,600 in Mexico, and 4,600 in Canada.

Every year on March 1, South Koreans commemorate the anniversary of the 1919 March 1 Movement, a nationwide uprising against Japanese imperial rule that galvanized the Korean independence movement.

The 25% tariffs imposed on Canada and Mexico took effect Tuesday along with fresh levies on Chinese imports. In his address to the US Congress, President Donald Trump said that reciprocal tariffs will take effect from April 2 on countries like India,