Posted on 03/26/2018 8:59:45 PM PDT by NImerc
SEOUL, South Korea — South Korea has agreed to further open its auto market to the United States as the two countries prepare to amend their 6-year-old trade agreement following complaints by President Donald Trump.
...It marks the first successful renegotiation of a trade deal for the Trump administration — which used the threat of 25 percent steel tariffs at the bargaining table — and comes as the allies sought to resolve disputes before planned meetings with Kim Jong Un.
(Excerpt) Read more at post-gazette.com ...
They’ll all know who you are, broken down on the side of the road.
You’d be far better served to roll around Seoul in a deleted duramax, rolling coal and setting off seismic sensors in China.
Or you can play with the little boys and their toys.
Men drive real diesels heh.
On a side note I do really hope Ford makes a real diesel one day, they have the most interior room.
We are now in Siuth Korea, and they have a SAMSUNG CAR that is FABULOUS!!!!! I wish they would import them to the US!!
We are now in Siuth Korea, and they have a SAMSUNG CAR that is FABULOUS!!!!! I wish they would import them to the US!!
We are now in Siuth Korea, and they have a SAMSUNG CAR that is FABULOUS!!!!! I wish they would import them to the US!!
The import tariffs on steel and aluminum should not be based on the country from which the import comes, but the country that produced the steel or aluminum. Nothing in this deal would change imports of South Korean parts made of steel or aluminum that was imported to South Korea, like from China. Instead of going directly at steel and aluminum, tariffs on things made of steel or aluminum will drive manufacturers, foreign and domestic to American steel and aluminum producers, and level the playing field for American manufacturers needed items made of steel or aluminum. Tariffs directly on steel and aluminum just means our domestic manufactures that buy steel and aluminum will be hurt by competing foreign parts manufacturers that use steel or aluminum and cause shifting of that manufacturing to overseas by some current American companies.
Nothing in trade law can alter the nationalist cultural bias to buy Korean or buy Japanese when it comes to cars. Quotas will mean zip, zero, nada. So we can import 50,000 cars to Korea? And when they don’t buy them?
When it comes to cars, and nations that are like us major producers of cars, the best trade balancing requirement would be “reciprocity” on a percentage basis. It would allow Japanese or Korean car manufacturers to make here or import to here a number of cars equal to a percentage of our car market that is the same as the percentage of their car market that U.S. auto makers have. If U.S. automakers have just X% of the Korean car market, that is all that Korean automakers could have of the U.S. market. The same for any major car manufacturing nation.
I agree with you.
What does "open" their markets mean any way?
Pres. Trump needs to fire all of his Goldman Sachs hack advisers that are paid off by foreign governments.
Nothing to see here.
I love it, crusher!
Correction: “Light trucks” includes many SUVs. Korea’s been selling a lot of those in the US lately.
I spent 6 days in South Korea in 2005, and didn’t see any American vehicles, none. They are good people and allies, but it is S Korea first.
I would suggest that Jeeps and pickups will be the American vehicles exported.
Good eye.
That’s what pillows, phone books and wooden blocks on the pedals are for.
South Korea hasn’t been selling light trucks to the U.S. ................ SUV’s??? Kia Sorrento and Hundai Santa Fe, would they be considered as light trucks? SK is doing a good business here with their cars, some are mfg in South Carolina or Georgia. We see many of them down in FLA, the Soul model is like the VW was in the 60’s. They’re all over the place.
bray wrote:
“This is something that has never been done before.”
MAGA !!!!
Does that include the U.S.-built Camrys and Siennas that Toyota is selling in South Korea, or are those counted separately?
Hyundai also has plans to start selling small pickup trucks in the U.S (circa 2020). The limits they agreed to probably affect that plan as well.
Just looking to establish the credibility of the source since many on the left think an actual printed newspaper carries more weight/credibility than an online only source.
It’s an Associated Press story.
But, yep, it’s still print.
Goes back 150 or more years.
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