U.S.-Korea Trade Imbalance Continues to Dramatically Decline
The U.S. trade deficit through October with the world expanded by 11 percent, but Korea bucked this trend by declining 22 percent to just $15.1 billion.
Read MoreAnalysis and commentary on the U.S.-South Korea relationship and what Korea means for American interests. New posts several times a week.
The U.S. trade deficit through October with the world expanded by 11 percent, but Korea bucked this trend by declining 22 percent to just $15.1 billion.
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While Korea remains the third largest source of foreign students enrolled at U.S. colleges, the number of Korean students in the U.S. declined by 7 percent.
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Democrats may be torn between their desire for a diplomatic solution to the North Korea nuclear issue and their deep skepticism of the Trump Administration.
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Public opinion of the U.S. and President Trump has remained the same or declined among most countries but Korea has been one of the few exceptions.
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There are no public reports that an assurance was given to South Korea that the U.S. would exempt Korea from higher tariffs in imported autos.
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Higher U.S. tariffs on Chinese products leave Korea’s economy vulnerable to this trade fight because many Chinese products incorporate parts from Korea.
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