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Joint U.S.-Korea Academic Studies 2019

23 Publications

The Trump Impact on East Asia After Two Years

Trade ties between the United States and many East Asian countries have faced a high degree of uncertainty since Donald Trump took office in early 2017. The world is now accustomed to an atmosphere of sanctions, tariffs, ultimatums, and negotiations under pressure with little left off the table. The centerpiece…

U.S.-China Economic Relations Under the Trump Administration at the 2-Year Mark

Since entering office in 2017, President Trump has upended longstanding tenets of U.S. trade policy and launched the most aggressive set of new U.S. tariffs and trade restrictions since at least the Reagan administration in the 1980s. Actions include renegotiating the U.S.-Korea FTA (KORUS) and NAFTA, using “Section 232” of…

The Trump Economic Impact on East Asia after Two Years: The Case of South Korea

The U.S.-South Korea relationship has traditionally been characterized as a security alliance, meeting the interests of both countries for a stable Korean Peninsula. Economically, Korea was a major recipient of U.S. development assistance after the Korean War. The U.S. also provided non-reciprocal preferential trade treatment, which played an important role…

Redefining U.S.-Japan Trade Relations Under Trump

The Trump administration has had no qualms about going against conventional U.S. policy norms and long-established rules of engagement. Thinking outside of the box has not been without its merits; it has certainly led to much-needed reassessment of practices that could benefit from change. The greatest risk of such change,…

The U.S. Indo-Pacific Strategy and Its Implications for U.S.-ASEAN Economic Governance Architecture

During his visit to Asia in November 2017, President Donald Trump announced his vision of a “Free and Open Indo-Pacific” as the U.S. approach to the region. The Department of State unveiled in detail the economic elements of the Indo-Pacific strategy in April 2018. These economic policies were reiterated by…

The North Korean Economy and U.S. Policy: Stability Under “Maximum Pressure”

North Korea has been under international sanctions for several years. It is only under U.S. President Donald Trump’s policy of “maximum pressure,” however, that China, North Korea’s most important trade partner, has begun enforcing these sanctions in a serious manner. Based on quantitative and qualitative data about North Korea’s economy,…