South Korea trade deal appears elusive as Trump seeks $350B investment (abcnews.go.com)
from MicroWave@lemmy.world to world@lemmy.world on 28 Oct 23:49
https://lemmy.world/post/38010814

Top officials in Washington and and Seoul say the sticking point for an agreement continues to be the logistics behind Trump’s demand that South Korea invest $350 billion in the United States.

Korean officials say a direct cash injection could destabilize their economy, and they’d rather do loans and loan guarantees instead. The country would also need a swap line to manage the flow of its currency into the U.S.

The disparity between what Trump is asking for and what South Korea can deliver threatens to overshadow the meeting between Trump and South Korean President Lee Jae Myung in Gyeongju, a historical city playing host to the annual Asia-Pacific Economic Cooperation summit.

#world

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WILSOOON@programming.dev on 29 Oct 01:08 next collapse

Its kinda useless to say it but what the fuck is this moron doing. This genuinely makes no fucking sense from a political or business perspective. Form a political standpoint this strains their relationship, just why, the usa has always been friendly with korea due to the war and north korea existing. And from a business perspective, no sane lawmaker is ever going to grant this request. That such a gigantic loss will nuke their economy. Trump can try to pressure them by banning samsung, but samsung is fucking huge and makes everything so that would be a massive blow to the US economy. What is the idea here like seriously

magnetosphere@fedia.io on 29 Oct 03:14 next collapse

Good thing we didn’t give them reason to distrust us by having ICE arrest a bunch of their citizens who were in the US legally… oh, wait…

HootinNHollerin@lemmy.dbzer0.com on 29 Oct 04:40 collapse

Chained feet waist and hands too.

Rentlar@lemmy.ca on 29 Oct 03:17 next collapse

Oops. The strategy to put on a cruel and embarrassing display to dissuade investment, and then ask for unilateral investment isn’t working?

MrSulu@lemmy.ml on 29 Oct 07:28 next collapse

It’s not as though this jackass hasn’t got significant history of taking everybody else’s money and pissingit up the wall. To add insult to injury for any potential investor, Trump will always accuse you of being the wrongdoer despite the money, fuck-ups being in his solitary control.

icelimit@lemmy.ml on 29 Oct 11:26 collapse

What did he give Japan for the 490b deal?