Will South Korea be the first to cave to Trump's trade deal proposal? (1 Viewer)

[Airyaman]

So we've been hearing it's India, but now might be South Korea.

Art of the Deal! MAGA!

Um wait...



We already have a free trade agreement with SK. It's been in place since 2012. We are relatively tariff free between the countries (until Trump).



So what will Trump get from a new trade deal that we didn't already have.

The arsonist is trying to put out his fires.

 

[Isidore]

Shouldn't Trump be embarrassed¹ if his first trade deal this term, was to renegotiate the first trade deal of his prior term?

Trump’s First Trade Deal: The Slightly Revised Korea‑U.S. Free Trade Agreement​

JUNE 13, 2019​

​

While the renegotiation of the North American Free Trade Agreement has received far more attention, a lesser-known U.S. trade deal has also been reworked. In April of 2017, President Trump proclaimed his displeasure with the Korea‑U.S. Free Trade Agreement (commonly referred to as “KORUS”), stating, “It was a Hillary Clinton disaster, a deal that should’ve never been made.” Trump said he had told the South Koreans, “We’ll either terminate or negotiate. We may terminate.” This set the wheels in motion for a relatively low-profile trade renegotiation that became Trump’s first trade deal.​

​

https://www.cato.org/free-trade-bul...lightly-revised-korea-us-free-trade-agreement​

1) if it were possible for Trump to get embarrassed

 

[Airyaman]

Shouldn't Trump be embarrassed¹ if his first trade deal this term, was to renegotiate the first trade deal of his prior term?

Trump’s First Trade Deal: The Slightly Revised Korea‑U.S. Free Trade Agreement​

JUNE 13, 2019​

​

While the renegotiation of the North American Free Trade Agreement has received far more attention, a lesser-known U.S. trade deal has also been reworked. In April of 2017, President Trump proclaimed his displeasure with the Korea‑U.S. Free Trade Agreement (commonly referred to as “KORUS”), stating, “It was a Hillary Clinton disaster, a deal that should’ve never been made.” Trump said he had told the South Koreans, “We’ll either terminate or negotiate. We may terminate.” This set the wheels in motion for a relatively low-profile trade renegotiation that became Trump’s first trade deal.​

​

https://www.cato.org/free-trade-bul...lightly-revised-korea-us-free-trade-agreement​

1) if it were possible for Trump to get embarrassed

Lol, that's even better. Just like the USMCA.

 

[Airyaman]

Lol, that's even better. Just like the USMCA.

 

[multivita-man]

Shouldn't Trump be embarrassed¹ if his first trade deal this term, was to renegotiate the first trade deal of his prior term?

Trump’s First Trade Deal: The Slightly Revised Korea‑U.S. Free Trade Agreement​

JUNE 13, 2019​

​

While the renegotiation of the North American Free Trade Agreement has received far more attention, a lesser-known U.S. trade deal has also been reworked. In April of 2017, President Trump proclaimed his displeasure with the Korea‑U.S. Free Trade Agreement (commonly referred to as “KORUS”), stating, “It was a Hillary Clinton disaster, a deal that should’ve never been made.” Trump said he had told the South Koreans, “We’ll either terminate or negotiate. We may terminate.” This set the wheels in motion for a relatively low-profile trade renegotiation that became Trump’s first trade deal.​

​

https://www.cato.org/free-trade-bul...lightly-revised-korea-us-free-trade-agreement​

1) if it were possible for Trump to get embarrassed

That's what this will likely turn out to be: another slightly revised version of what they have, with maybe slightly more favorable US terms in the short-term but with Korea, Japan, Australia, and others in the region cooperating to find ways to become less reliant on the US for security without being vulnerable to growing Chinese influence.