U.S. Commerce Secretary Believes South Korea Unhappy that Japan Made Trade Deal First
Here is what the U.S. Commerce Secretary had to say in regards to South Korea after Japan signed a new trade deal with the U.S.:
U.S. Commerce Secretary Howard Lutnick said Thursday that he could hear “expletives” out of South Korea after Japan reached a trade deal with U.S. President Donald Trump’s administration earlier this week.
Lutnick made the remarks, apparently suggesting that the tariff deal between the United States and Japan might have created a sense of urgency for South Korea, which seeks to reach a deal to avoid or lower the Trump administration’s 25 percent “reciprocal” tariff set to kick in on Aug. 1.
“I could hear the expletives out of Korea when they read the Japanese deal because the Koreans and the Japanese … they stare at each other,” he said in a CNBC interview.
“So you can imagine what they were thinking when they saw that Japan made that deal … They were like, ‘Oh man!,” he added, underscoring that Koreans “very much” want to make a deal.
You can read more at the link.
This is a no-brainer… South Korea will never let Japan get the better deal…
No, they don’t. Because they have a pro-CCP and anti-US “leader” in the seat. They’re purposely delaying and they can’t come to terms U.S. terms cause it’ll irk their savior country, CCP. Japan doesn’t have as bad of a CCP presence as SK does, so they’re more willing to give up for the greater relationship.
Well, I hope, @Joshua, that we’re wrong about that; but I do fear you’re right…
Korea will follow the Japanese.
In exchange for low tariffs on things they export to America, they will transfer production to America of strategic items.
But Korea already knows this.
There is increasingly no future in consumer items, most of which Korea already produces outside of Korea.
Korea is focusing on things that nobody can demand to produce elsewhere… military, space, AI, nuclear components.
Roadblocks:
– Korea has military production under control
– Korea can’t quite get their space act together. It is possible but they seem to not be taking the big boy steps to do it.
– Korea wants to do AI but they have serious handicaps… they allow consumer grade windows to stop all small-scale AI development (will go into detail if anybody is interested)… and Koreans are possibly the worst programmers in the world, perhaps not technically, but in thinking. It is unlikely they can compete globally in AI without some serious discussion on their shortcomings and how to manage them.
– After Moon’s attempt to sabotage Korea’s nuclear industry at the command of the globalists which do not want an energy-independent Korea, Yoon reversed this. Lee is grudgingly letting current projects continue but seems to intend to sabotage future projects.
Korea will exchange low tariffs on limited exports, open the market to American products (but continue non-tariff trade barriers so both side will declare victory), and move more production to America.
@setnaffa – U.S. wants SK to invest more in their own military and in the U.S… but Lee Xiaiming doesn’t want to either of that.. esp the Minjoo party is not going to be supporting major corps like Samsung, Hyundai, etc. to be pooling more $$$ into the U.S.