South Korea seeking tariff deal with Trump
President Trump said there could be a potential trade deal in the works with South Korea, saying the country has a team traveling to the United States to make a deal, nearly a week after Trump’s latest tariff announcement.
“I just had a great call with the Acting President of South Korea. We talked about their tremendous and unsustainable Surplus, Tariffs, Shipbuilding, large scale purchase of U.S. LNG, their joint venture in an Alaska Pipeline, and payment for the big time Military Protection we provide to South Korea,” Trump wrote Tuesday on Truth Social. “They began these Military payments during my first term, Billions of Dollars, but Sleepy Joe Biden, for reasons unknown, terminated the deal.”
“That was a shocker to all! In any event, we have the confines and probability of a great DEAL for both countries. Their top TEAM is on a plane heading to the U.S., and things are looking good,” he added.
Trump announced a 25 percent tariff on South Korea on Wednesday, when he said he would impose a 10 percent baseline import tax on trading partners and higher rates on dozens of countries.
He touted South Korea as another country willing to come to the table on tariffs, after he spoke with Japanese Prime Minister Shigeru Ishiba on Monday and their two teams started talks. Trump then called out China for wanting to make a deal.
...
Trump is also trying to get a deal with China. The current tariff wars need a peace agreement to benefit both the US and its trading partners. Biden clearly did not have much of a clue about how to cut these deals. I think Trump has shown himself to be astute at making these deals work for the US.
See also:
China Ratchets Up Tariffs on U.S. to 84 Percent as Trump’s Retaliatory Rates Take Effect
And:
And:
And:
WINNING: Countries Are Begging for Trade Deals After Trump's Tariffs
Comments
Post a Comment