South Korea Claims They Have Already Paid Over $1 Billion for THAAD Due to Chinese Economic Retaliation

Like I have said before President Trump’s comments about paying more for the THAAD system is setting conditions for next year’s negotiations for USFK cost sharing:

U.S. President Donald Trump should know that South Korea has already paid more than what he has billed the country for the deployment of a Terminal High Altitude Area Defense (THAAD) battery here, analysts said Tuesday.

Trump has insisted that Korea pay $1 billion for the anti-missile shield and his top aides also claim that the two countries should renegotiate the terms of the deployment agreement.

On top of the provision of the land for the missile defense unit, South Korea has already sustained huge damage from economic retaliation by China.

Company officials and analysts say that the value of losses Korea has suffered from retaliatory steps has to have topped $1 billion. They expect the amount to snowball to as high as $20 billion if friction over THAAD is not addressed.  [Korea Times]

You can read more at the link.

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Doug
Doug
6 years ago

It’s time to get out of South Korea,after all these years they could never pay back all the money the American tax payer have spent on their defense. Not to mention all the American lives lost during the Korean War. Let the Communist dictator Kim Jong Un have South Korea.

Mercury
Mercury
Reply to  Doug
6 years ago

And you think North Korea will stop developing their missile program to reach the US with nukes if the NK invades and conquers the South? Once they’re done making the missile, they’ll use it or at least they will sell their weapons to ISIS who will use it on America.

ChickenHead
ChickenHead
6 years ago

“SOUTH KOREA CLAIMS THEY HAVE ALREADY PAID OVER $1 BILLION FOR THAAD DUE TO CHINESE ECONOMIC RETALIATION”

Now how the fück am I going to pay my child support when I owe for all the strippers and blow?

Denny
Denny
6 years ago

National Cattlemen’s Beef Association considers Trump’s statement on withdrawing from the U.S.-South Korea free trade agreement “very dangerous.”

http://www.capitalpress.com/Livestock/20170501/trump-position-on-s-korea-threatens-us-meat-exports

The U.S. beef industry last year shipped just over $1 billion in beef to South Korea, surpassing Australia to become the country’s largest supplier, he said.

ChickenHead
ChickenHead
6 years ago

National Cattlemen’s Beef Association considers Trump’s statement on withdrawing from the U.S.-South Korea free trade agreement “very dangerous.”

The leftist, liberals, progressives, tree huggers, environmentalists, vegetarians, animal rights activists, etc., should rejoice that Trump made moves which may lead to less beef consumption while reducing cruelty in factory farms.

But. No.

So filled with undirected hate they must lash out at everything… even when it is in their own interests.

setnaffa
setnaffa
Reply to  Denny
6 years ago

More methane from the left…

sfasdfsadf
sfasdfsadf
6 years ago

If the Chinese can make the ROK pay, so can the US.

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