Jump to content

Sign in to follow this  
News Feeds

Potemkin Trade Deals Exposed

Recommended Posts

Via Global Macro Monitor,

What a farce.

08a88424-9438-11e7-b116-f4507ff9df92_128

South Korea, meanwhile, negotiated a permanent steel-tariff exemption in exchange for allowing additional U.S. auto imports.

But the claim of a “renegotiated” Korea-U.S. free-trade agreement should be viewed with skepticism. 

U.S. automakers already don’t export the allowable number of cars into South Korea today, let alone the expanded number.

And South Korean car exports, the main sources of the trade imbalance, were left alone. It was a limited, face-saving deal that everyone can tout as “preventing” a trade war.  

– New Republic

Why not just negotiate an increase in Korean imports of American flying cars and call it a victory?

us_china_trade-war1.jpg

 Nothing here.  Move on.

PKnbsKU7Rts

View the full article

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×