Trump’s Truck Tariff Straw Man
It is doubtful that Trump’s extension of the protective tariff on Korean pickup trucks had that much of an effect on the American market.
It is doubtful that Trump’s extension of the protective tariff on Korean pickup trucks had that much of an effect on the American market.
2022 marked the 10th anniversary of the KORUS FTA, but was also a significant year for shaping the future of U.S.-Korea economic relations.
Many in DC view Korea’s liberal administrations as anti-American, but the foreign policy of Presidents Kim Dae-jung and Roh Moo-hyun says otherwise.
10 issues on South Korean politics, U.S.-Korea relations, the region, and North Korea that will have an impact on the Korean peninsula in 2022.
Despite the COVID-19 pandemic, South Korea’s interest in deepening its commercial and diplomatic relations with Southeast Asia has not changed.
President Trump improvised the sentence dealing with KORUS in which he said he “reversed” the trade agreement and then “made a great deal for our country.”
The U.S.-Korea bilateral trade deficit has declined by 71 percent from its height in 2015 to below its pre-KORUS FTA level.
The U.S. exported record levels of agricultural products to Korea, going from nearly $7 billion in 2011 to a record $8.3 billion in 2018.
As we reflect on the success of the KORUS FTA, it is important to also remember that other factors may influence future economic behavior.
If 2017 was the year of “fire and fury,” 2018 saw the United States and North Korea turn from the rhetoric of war to diplomacy.