United States of America

The global crisis that was ignited by the meltdown in the U.S. subprime mortgage market is a dramatic illustration of just how interdependent our economic and financial systems have become.…

The goal of this study is to explore the current state of U.S.-Korea trade and economic relations, with special emphasis on the impact of the rise of Asian regionalism and…

During the past decade, the United States and Korea have pursued free trade agreements (FTAs) with a number of bilateral trading partners. For the United States, the Korea-U.S. (KORUS) FTA…

The dramatic events of recent months—and, above all, North Korea’s second nuclear test and long-range missile launch—demonstrated once again that the Barack Obama administration and the international community at large…

“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…

In addition to chips and pharmaceuticals, U.S. President Donald Trump has officially stated that he plans on introducing a tariff of roughly 25 percent on cars entering the United States, beginning April 2. Its imposition is likely to severely affect U.S.-South Korea economic relations, as well as the U.S. economy itself. Passenger vehicles have constituted…

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.