Trump warns foreign companies of tariffs up to 300% without US factories

  • Donald Trump warned foreign companies about tariffs if they do not build US factories.
  • 300 percent is the maximum tariff Trump said nonbuilding foreign companies could face.
  • South Korea faces separate US pressure over its $350 billion investment commitment.

US President Donald Trump said foreign companies that fail to build factories in the United States could face tariffs of up to 300 percent. He made the remarks Saturday at a campaign rally in Vandalia, Ohio, while campaigning for Republican candidates ahead of the Nov. 3 midterm elections. South Korea is separately facing pressure from Washington over how it will carry out its $350 billion investment commitment in the United States. Trump presented tariffs and foreign investment as part of his economic record.

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