Home › Politics › Seoul’s useless placation is a warning for all US trade partners
Politics

Seoul’s useless placation is a warning for all US trade partners

Seoul’s useless placation is a warning for all US trade partners
Key Points

The anxiety gripping Seoul is palpable. Under US pressure, South Korea signed a US$350 billion investment deal last November for a 10-percentage-point tariff reduction, billing it as a strategic alliance. Barely a year on, the facade has crumbled.

The anxiety gripping Seoul is palpable. Under US pressure, South Korea signed a US$350 billion investment deal last November for a 10-percentage-point tariff reduction, billing it as a strategic alliance. Barely a year on, the facade has crumbled. Last month, US President Donald Trump announced a US$200 billion tranche of the deal with no South Korean official present. Blindsided, Seoul restated its “commercial viability” clause. Trump’s response was blunt. “If they don’t want to do it, that’s...
Seoul (LOCATION) US (LOCATION) South Korea (LOCATION) Donald Trump (PERSON) South Korean (ORG) Trump (ORG)
Originally published by South China Morning Post Read original →