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Tom Ramage

Economic Policy Analyst
Korea Economic Institute of America
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About Tom Ramage

Tom Ramage is an Economic Policy Analyst at the Korea Economic Institute of America where he provides research and analysis relating to U.S.-Korea trade issues. As part of his responsibilities, he writes KEI’s quarterly economic policy newsletter and assists in managing KEI’s conferences and events. He concurrently serves as a Nonresident James A. Kelly Korean Studies Fellow with the Pacific Forum in Honolulu.

Prior to joining KEI, Tom was employed as an Analyst at Thomson Reuters Special Services and as a Policy Research Fellow at the Edwin O. Reischauer Center for East Asian Studies at Johns Hopkins University. Tom earned an MA degree focusing on International Economics and China Studies from the Johns Hopkins University School of Advanced International Studies (SAIS). He also received a BA from Hobart College where he spent his junior year at Yonsei University in Seoul. From 2016 to 2018, Tom was a Peace Corps Volunteer in China based in Sichuan province.

 

 

 

 

KEI’s Economic Policy Analyst Tom Ramage participated in an event organized by the George Washington University. The event was titled “Korea Week 2024: Conference on U.S.-ROK Relations” and held from…

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February 4, 2025

The recent war in Ukraine, Russia’s overtures towards North Korea, and North Korea’s emergence from the COVID-19 pandemic all signal a sea-change for the DPRK’s place in the international system.…

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December 7, 2023

Q4 2024 was the first full quarter where the new U.S.-South Korea trade agenda hit the ground. A 15 percent tariff rate went into effect, a USD 350 billion investment commitment was formalized, and both sides started turning months of negotiations into concrete deals. The October 31 strategic investment memorandum of understanding (MOU), which the…

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Region: Indo-Pacific

February 6, 2026

The U.S.-South Korea relationship underwent profound changes in 2025 due to a myriad of factors, including new leadership, protectionist trade policies, and continued volatility on the Korean Peninsula and across the Indo-Pacific. As both countries grapple with new realities in the bilateral relationship, Seoul faces the challenge of strengthening alliance credibility while expanding strategic autonomy…

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Region: Indo-Pacific

The summit between South Korean President Lee Jae Myung and Chinese President Xi Jinping reinforced the mostly stable and improved direction of bilateral relations under the new Korean president—but left unresolved some issues related to political economy. The Korea-China summit came on the heels of some substantial economic actions by China and occurred under the shadow…

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Region: Indo-Pacific

January 31, 2026

On Monday, January 26, 2026, U.S. President Donald Trump announced he would raise tariffs on South Korea, including on certain Section 232 sectors such as autos, lumber, and pharmaceuticals, from 15 percent to 25 percent. Trump cited inaction by the Korean National Assembly to codify portions of the trade deal the two countries agreed to…

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Region: Indo-Pacific

January 27, 2026