United States of America

On 30 June 2007, United States Trade Representative Susan C. Schwab and Republic of Korea Trade Minister Kim Hyun-chong signed the United States-Korea Free Trade Agreement (KORUS FTA), an encompassing…

The year 2007 displayed remarkable progress in Korea-U.S. economic relations on many different levels. At the global level, our two countries have worked closely together to meet international challenges. For…

The United States and Korea finished the eighth round of negotiations for a bilateral free trade agreement (FTA) in mid-March 2007, and the agreement is likely to be concluded eventually.1…

The U.S.-ROK bilateral economic relationship entered a new era 1 April 2007 when President George W. Bush notified the U.S. Congress of his intent to enter into a free trade…

The concept of reciprocity has garnered significant attention since the inauguration of U.S. President Donald Trump on January 20. One of his first actions was signing the America First Trade Policy executive order, which tasked the secretary of commerce with investigating the causes of the United States’ large and persistent trade deficit in goods and…

“You should get rid of the CHIP Act and whatever’s left over, Mr. Speaker, you should use it to reduce debt. Or any other reason you want to.” This pronouncement from President Donald Trump’s first address to Congress in his second term fully unmasked his administration’s trade 2.0 agenda. If realized, the repeal of the…

There is much speculation about the future of certain funding awards and tax breaks under the U.S. Inflation Reduction Act (IRA). The IRA is a federally enacted legislation, meaning its repeal would require an act of Congress. However, so far under Trump 2.0, the executive branch has been testing the full extent of its power.…

Once dismissed as an abstract nuisance, transnational subsidies—where governments subsidize firms operating beyond their borders—have now become a central concern for countries. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures regulates subsidies that could potentially distort fair competition, generally applying a territorial criterion that mandates the subsidy recipient be located within the…

Please join KEI and KIEP for a discussion about the first 10 years of KORUS and the future of the U.S.-Korea economic relationship.