Improvements to the U.S.-Korea Trade Balance
Recent statistics released by the Foreign Trade Division of the U.S. Census Bureau show an improvement in the trade balance with South Korea in favor of the United States.
Recent statistics released by the Foreign Trade Division of the U.S. Census Bureau show an improvement in the trade balance with South Korea in favor of the United States.
Since South Korea announced the deployment of THAAD, China has been harassing South Korea through various channels.
Much like China’s undeclared sanctions against South Korea for the deployment of THAAD (Terminal High Altitude Area Defense), North Korea may be doing the same to China.
U.S. services exports to Korea hit a record level of $21.55 billion in 2016, which contributed to producing the highest trade surplus in services ($10.7 billion) for the United States in the history of U.S.-South Korea trade relations.
Last week, the Office of the U.S. Trade Representative (USTR) released the President’s National Trade Policy Agenda for 2017.
After nearly nine months of suspicion and speculation about Chinese economic retaliation for South Korea’s decision to deploy THAAD, it seems Beijing has finally taken its gloves off.
President Donald Trump’s foreign policy has three big implications for South Korean policy planning.
While the overall U.S. trade deficit in merchandise goods with the world increased by $1.9 billion or 0.4 percent, the bilateral trade deficit between the U.S. and South Korea declined by $647 million or 2.3 percent.
“Thank you, @Samsung! We would love to have you!” Donald Trump wrote on his personal Twitter account, linking to a story about a possible plan for the tech company to build a factory for home appliances in the United States.
With China having substantially surpassed the caps set for imports of coal from North Korea, how should the United States and the United Nations respond?