KORUS Trade Deal – No Steel Tariffs For South Korea In Exchange for 50,000 Exports per U.S. Automaker…

Perhaps as early as this week we should anticipate hearing about completion a significant trade agreement with South Korea.  The deal is known as “KORUS” (KOR+U.S.), and has been in negotiations for over a year.

Part of the recent agreement within the auto-sector of the deal, between Moon Jae-in and President Donald Trump, via Lighthizer and Ross, is an exemption of U.S. steel tariffs for South Korea in exchange for a doubling of U.S. auto exports; from 25,000 to 50,000 American made cars, per U.S. automaker, per year.  (link)

The results within KORUS exhibit the intended outcome of the global tariff proposal from President Trump as leverage to enhance the administration policy of reciprocity.  The world is taking notice, and China is now beginning to signal their understanding of President Trump leading the international discussion of reciprocal trade.

The unspoken background is that all nations, who have acquiesced to the overwhelming demands of China’s trade position, are now beginning to reassess the value of President Trump confronting the equation head-on.  Ultimately it is beginning to sink-in that all nations can benefit from correcting a trade imbalance within their own position.  In essence, U.S. President Trump is moving the entire global trade dynamic.

The timing for a U.S. leveraged KORUS deal could not be better.  On the geopolitical stage President Trump, through his sheer will, has thrown open the doors to a denuclearized Korean peninsular and is about to engage in direct discussions with North Korean leader Kim Jong-un.

The ramifications for peace on the Korean peninsular, and the economic outcomes therein, are seismic for South East Asia.  Thus we see today stunning reports of Kim Jong-un heading to Beijing for discussions of unknown substance.

There is no doubt both Kim Jong-un (DPRK) and Chinese President/Chairman Xi Jinping must engage in talks about the ramifications.  China has long used the DPRK as a proxy province for their own geopolitical strategy against the U.S. and western interests.

POTUS Trump using economic leverage to break down the walls of totalitarian regimes is a stunning position for two nations (China and DPRK) who must have thought such an action would be unconscionable a mere eighteen months ago.

Incredible times of jaw-dropping consequence.  Because, ‘His Excellency’ Trump.

The Era of the Economic Titan is Back!

PS. A U.S./South Korea trade deal enhances the backdrop, and leverage, of U.S. position toward NAFTA. Canada and Mexico have aligned with the TPP multilateral trade deal.  POTUS Trump is negotiating bi-lateral deals with nations within TPP (Japan, Australia, Vietnam, South Korea all ongoing).

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This entry was posted in ASEAN, Big Government, China, Communist, Culture, Donald Trump, Economy, India, media bias, N Korea, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

240 Responses to KORUS Trade Deal – No Steel Tariffs For South Korea In Exchange for 50,000 Exports per U.S. Automaker…

  1. I’ll never forget, though I must paraphrase his words, when Egypt’s President Al Sisi said ” if anyone can achieve impossible things, it is His Excelency President Trump, he has an ability like no other for such things” …and if memory serves, this is when T45 was President Elect.

    Liked by 15 people

  2. A2 says:

    Whilst waiting to see which Kim went to Beijing, you might like to read this report just published on the North Korean economy.I highly recommend it.

    “Special Report: North Korea’s Shackled Economy (2018)” by William Brown
    https://www.ncnk.org/resources/briefing-papers/all-briefing-papers/special-report-north-koreas-shackled-economy-2018

    Liked by 2 people

  3. softunderbelly says:

    What is really fabulous is the possibility of South Korea peeling North Korea
    away from dependency on China by including it in potential trade talks as well
    as providing labor for Korean exports. As long as the NKs are out of the main-
    stream economically, China can use them as a pawn. Put a little daylight between
    those two and you might see some major changes in North Korea.

    Liked by 3 people

  4. Brian L says:

    There’s a reason he swallowed the bitter pill and signed the omnibus, he’s got too much going on right now to get into a budget slap fight.

    Liked by 2 people

    • Y/O, says:

      Please go back and reread some of Sundance’s posts. Find out for yourself. Maybe it wasn’t bitter. Maybe he tricked the enemy instead?

      Liked by 4 people

      • Brian L says:

        Oh I’m sure there’s definitely an angle he was able to work with the bill, but I’d bet dollars to doughnuts he’d rather have an actual budget.

        Liked by 2 people

        • And next time, he will. Because the Democrats will never take this risk again. If I understand what happened, before they could even do their victory lap, the trap was sprung. They’ve been mighty quiet about their “budget” since Friday. Normally, if they had actually taken a scalp, they would still be dancing. They aren’t. All they have going at the moment is the astroturf “students march”.

          Liked by 6 people

          • Luke of the D says:

            I agree Rielly. The media has completely stopped talking about the omnibus spending deal -its like Friday never happened- even though they supposedly “won” a victory by getting the bill signed into law. That alone says President Trump has played them as fools.

            Liked by 3 people

        • Y/O, says:

          So, I take it you will not read Sundance’s posts then. Okay, don’t find it out yourself, makes no difference.

          Like

    • Dan Patterson says:

      I was stunned by the signing but reflection is a healing tool. I agree with you. There are more things to come, including a budget instead of bs.
      Good point.

      Liked by 3 people

    • watchman says:

      Not so fast…check out Dick Morris on YouTube as he explains how Pres Trump outsmarted them all by signing that “terrible” omnibus bill……our President is a GENIUS!!!!!

      Like

      • TakeBackOurRepublic says:

        Link, please.

        Like

        • G. Combs says:

          Guerillapatriot said on March 26, 2018 at 2:47 pm
          “On the Omnibus and the Wall – I am going to repost some evidentiary links here because people still aren’t figuring this out….”

          Here is the link:
          https://theconservativetreehouse.com/2018/03/26/march-26th-2018-presidential-politics-trump-administration-day-431/comment-page-4/#comment-5171893
          ………..

          Guerillapatriot lays out President Trump’s TRAP for the Commies very nicely.

          “This is the key detail that most folks are missing –
          Turn back the clock to July 2017:”

          https://www.usnews.com/opinion/economic-intelligence/articles/2017-07-19/congress-slyly-diverts-pentagon-money-to-fund-donald-trumps-border-wall

          “As in, designated by executive authority out of the military appropriation for the wall under declared national emergency”
          Donald J. Trump@realDonaldTrump

          “Because of the $700 & $716 Billion Dollars gotten to rebuild our Military, many jobs are created and our Military is again rich. Building a great Border Wall, with drugs (poison) and enemy combatants pouring into our Country, is all about National Defense. Build WALL through M!”

          M= MILITARY.
          ……

          Trump’s Christmas Executive Order Blocking the Property of Persons Involved in Serious Human Rights Abuse or Corruption that DECLARED a HUMAN RIGHTS EMERGENCY.

          Back in mid November 2017 a commenter on a Daniel Greenfield article mention that since January of 2017, FBI raids have netted 4,474 arrests that includes those trafficking children and young adults into sex trade/slavery. Out of these nearly 2,000 were in California alone mostly in the LA area.

          The Justice Department said: The biggest Pedophile Ring affecting 68,000 children was broken with Operation Broken Heart. “Internet Crimes Against Children (ICAC) Task Forces arrested 1,012 suspected child predators from more than 40 states during a two-month nationwide operation following the investigation of more than 69,000 cases, the Office of Juvenile Justice and Delinquency Prevention (OJJDP) announced today.
          The arrests marked the end of Operation Broken Heart, a coordinated investigative operation to intensify efforts to identify and arrest suspected child sexual predators during April and May 2017”

          So the Commies are going to have a heck of a time saying there is NOT a national emergency. Also over 3,800 Gang Members Charged, another 200 recently arrested at the end of November.

          More recently is Trump’s March 1 Executive Order regarding Court Marshall law…

          Liked by 2 people

  5. Mr BiG Time says:

    So exciting to see these events unfold and explained in a way that only Sundance can do! Thank you. Go USA!

    Liked by 4 people

  6. A2 says:

    The White House said Monday it can’t confirm reports that North Korean leader Kim Jong-un is currently visiting Beijing.
    http://english.yonhapnews.co.kr/news/2018/03/27/0200000000AEN20180327000351315.html

    Liked by 1 person

  7. A2 says:

    South Korea may agree to pay more for U.S. troops as part of the new trade deal signed.

    http://english.yonhapnews.co.kr/news/2018/03/27/0200000000AEN20180327000400315.html

    Liked by 2 people

    • Quest says:

      It’s the least they could do.
      Among other factors; Obama gave up the 8th Army base in Yongsan which was on prime real estate to move the base outside of Seoul without any compensation. I don’t know the numbers, but I’m sure we’re looking at hundreds of millions of dollars that were simply given up to the Korean government with the move.

      Liked by 1 person

  8. TexasDude says:

    What’s sad about all this is that it did not have to be.

    We did not have go this route of globalism cloaked as free trade.

    Our multi-national corporations did have to this.

    Both Democrat and Republican once agreed on this even if solution was shared.

    Republicans once cared about national industries and what we know call the working man.

    It wasn’t just HW Bush, although he threw out the Reagan Republicans from his administration.

    It was a long time coming, started by Dem and Repub.

    Both parties sold America out and for what?

    Cheap ass clothes, summer watermelon in winter, and electronics that may have bugging devices/malware built in?

    A company employs hundred or maybe thousands. Those employees then allow for hundreds or thousands more to subsist and thrive servicing them.

    Adam Smith in no way stated you had to decimate your working class for “free trade”.

    What is even more sad is that what is best for Main Street enriches Wall Street, but the reverse is not as valid.

    Sure, your retirement portfolio may go up, but when you can’t afford your retirement is the tell.

    In many ways I feel we were marks for crooked criminals who pled, “Trust me.”

    Trump is trying, but he is just the President, not Ceasar.

    Liked by 4 people

    • TexasDude says:

      Jeez,

      … our corporations did this to us.

      … even if solution was not shared.

      Like

    • Y/O, says:

      Please think about what’s happening for a moment. We are being freed. For the first time in our lifes! I’m celebrating..

      Liked by 4 people

    • joshua says:

      SAD??? What TEXAN uses the word SAD as an expression other than beta males. Get real here….Trump and his team will roll over the speed bumps…give it time and some windage.

      Like

    • G. Combs says:

      “….our corporations did this to us….”
      …..

      NO!!! It is the BANKSTERS! (See my comment on the bottom of last page about leveraged buyouts during Reagan Era that transferred American Owned Corporations to the Banksters/Foreigners via leveraged buyouts.)

      If you look at Monsanto, who OWNS Monsanto?
      85% of Monsanto is held by mutual funds and Institutional (financial) Holders aka Pension Funds (OUR MONEY) — but WHO VOTES THE STOCK — FINANCIAL INSTITUTIONS.

      For example if you own Fidelity Growth, Magellan Fund or other Divisions of Fidelity then Edward C. Johnson 3rd via a Power of Attorney votes the shares held by Fidelity Management & Research Company (MR LLC) in Monsanto AND also shares held by Pyramis Global Advisors, LLC. (Power of Attorney URL was h t t p://idc.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingConvPDF1?SessionID=csbHWxGCWm3FTfS&ID=6419107 )
      SEE: http://www.finra.org/Investors/SmartInvesting/ChoosingInvestments/MutualFunds/

      This paper: The Network of Global Corporate Control looks at that control of the Trans-national corporations and finds it consolidated into 147 FINANCIAL INSTITUTIONS and that was before the Bank Bailout and bankster consolidation.

      http://www.forbes.com/sites/bruceupbin/2011/10/22/the-147-companies-that-control-everything/

      …Reader danogden left an especially good comment below: “…pension plans, corporate 401(k) plans and individual funds..manage trillions in assets ultimately belonging to individuals who are predominantly not in the “1%”. …There are a number of “custodian banks” in the list — companies who hold the assets of asset managers to ensure timely processing of things like foreign dividend and bond interest, name changes (due to mergers, etc.), foreign currency conversion and the like…Again, they do not own the assets, or even really control the assets — they merely house the assets. A better list would be the actual asset OWNERS, rather than the vendors who manage, house and clear said assets.”….

      EXCEPT they left out the fact those who ‘merely house the assets’ ALSO VOTE THE STOCK!!!

      Like

      • G. Combs says:

        Always nice to NAME the NAMES…

        The following lists not only the top 50 corporations but the individuals:
        Financial Core of the Transnational Corporate Class

        Introduction

        In this study, we decided to identify in detail the people on the boards of directors of the top ten asset management firms and the top ten most centralized corporations in the world. Because of overlaps, there is a total of thirteen firms, which collectively have 161 directors on their boards. We think that this group of 161 individuals represents the financial core of the world’s transnational capitalist class. They collectively manage $23.91 trillion in funds and operate in nearly every country in the world. They are the center of the financial capital that powers the global economic system. Western governments and international policy bodies work in the interests of this financial core to protect the free flow of capital investment anywhere in the world….

        Like

  9. Linus in W.PA. says:

    Coming at you like a freight train rolling!!!!!!!!!!!!!!!

    Liked by 3 people

  10. ADDgolfer says:

    “President Trump is moving the entire global trade dynamic.”
    Trump! You’re a **damn Charles Atlas! That’s the most outstanding policy I’ve ever heard. You must have a **damn I.Q. of a hundred and sixty! (he does) Biden!! best you back off, you will have your lunch handed to you.

    Liked by 3 people

  11. With the tonnage quota, it makes sense. Without the tonnage quota, the agreement would need to specify that the steel be created in SK, and not merely an imported pass-through as Canada and Mexico were doing with Chinese steel filtered through NAFTA.

    Like

  12. A2 says:

    I have lost my comment in the dust bin of word press. Sorry moderators there must be multiples trashed.

    Like

    • A2 says:

      I now know who is there in Beijing and it ain’t Fatty III.

      Like

    • Guy-Blanc Déploré says:

      When all else fails, screenshot the text and post as an image!

      Like

    • G. Combs says:

      Word UNIMPRESSED has a habit of eating comments or booting them into the sun. ESPECIALLY if they do not like the ‘idea’

      I have it happen constantly and I very very rarely use foul language.

      It started in 2015 with the word T*rot*sky and with a Chem Engineer, John Kehr’s blog.

      He now has a book *****Skeptic: The Comprehensive Guide to the Earth’s Climate

      Like

  13. Richard says:

    I have not always understood the actions of the Trump administration. But it is very apparent he is moving the USA in the right direction
    https://www/richardorberson.com/USA/

    Liked by 1 person

  14. tdaly14 says:

    Plus Little Rocket-Man, said Whoops- Poopie!

    Liked by 1 person

  15. Rynn69 says:

    The best sentence in Sundance’s article: “The unspoken background is that all nations, who have acquiesced to the overwhelming demands of China’s trade position, are now beginning to reassess the value of President Trump confronting the equation head-on.” Trump, like a Boss.

    Liked by 1 person

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