U.S. Hits New Record in Merchandise Exports to South Korea
The U.S. set a new record of $48.3 billion in exports of manufactured and agricultural goods to the Republic of Korea in 2017.
The U.S. set a new record of $48.3 billion in exports of manufactured and agricultural goods to the Republic of Korea in 2017.
Beijing conducting economic “war” on Pyongyang might be a little strong, but I think everyone would agree it’s at least a fierce and growing skirmish.
While the trade actions being taken by the Trump Administration ostensibly target China, they disproportionately hit South Korea.
China and South Korea reached an agreement in November to restore normal economic relations. That no longer appears to be the case.
As we look ahead to what might occur in 2018 we should also consider how key events from 2017 will continue to shape the year ahead.
In 2017, attention turned to the Korean Peninsula as South Korea removed Park Geun-hye from office and North Korea advanced its weapons programs.
The continuing stability of the North Korean won against the U.S. dollar in informal trading markets speaks to the success in handling overall inflation
If present trends continue for the final two months of 2017, the U.S. will set a record level of merchandise exports to Korea, reaching nearly $48 billion.
Less than a decade ago, the subject of U.S. beef in Korea garnered fierce criticism. Today, Korea represents the second largest export market for U.S. beef.
China failed to realize that the dispute over THAAD wasn’t about bilateral relations with China, but the need to defend against North Korea.