US EditionTrump Tariffs Hit South Korea
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Trump Tariffs Hit South Korea
Photo: Donald Trump announces tariffs. Credit: Yonhap.The “Liberation Day” tariffs announced by United States President Donald Trump are set to hit South Korea particularly hard. Trump’s tariffs are based on an infantile formula that presupposes US trade deficits to be the result of “hidden” tariffs imposed by trading partners. This deranged assumption translated to a 25% tariff on South Korea’s exports, a figure typical for the Trump administra…
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