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Region in East Asia
Korea is a peninsular region in East Asia consisting of the Korean Peninsula, Jeju Island, and smaller islands. Since the end of World War II in Asia in 1945, it has been politically divided at or near the 38th parallel between North Korea and South Korea. Both countries proclaimed independence in 1948, and the two countries fought the Korean War from 1950 to 1953. The region is bordered by China to the north and Russia to the northeast, across the Amnok (Yalu) and Duman (Tumen) rivers, and is separated from Japan to the southeast by the Korea Strait.
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US President Donald Trump said foreign companies that fail to build factories in the United States could face tariffs of up to 300 percent, as South Korea faces
"Double the tariff rate if there is no deal" Only 1 in 5 trade retaliation threats carried out Some see political messaging as midterm pressure mounts
Trump said foreign companies that do not build production facilities in the US could face tariffs of 150% to 300%, amid discussions of South Korea's investment commitments.