00:00Yeah, let's actually delve into that with President Trump threatening those tariffs to 20.
00:05He says it's because the country's legislature has.
00:10We're able to codify the trade deal both nations reached last year.
00:14Let's bring in.
00:15Troy Sangarone, non-resident fellow at the Carnegie Mellon Institute for Strategy and Technology.
00:20Great to have you with us, especially given that these news just broke a few minutes ago.
00:25Given that President Trump has only not threatened South Korea but also European.
00:30countries, also Canada, I mean, does it make you feel that a trade
00:35truce with the United States is not necessarily a long-term deal and that this could be a one.
00:40I do think this is something that could pass.
00:45We've seen with the case over Greenland and the tariffs on EU nations.
00:48We saw with Iran.
00:50Iran and the threat of any country that trade with Iran of a 25% tariff that those ultimately
00:54go into.
00:55I think what we're seeing here is President Trump would like to see the agreement.
01:00North Korea moved more quickly than it has, though we're only about three months since it was finalized.
01:05So it's perhaps understandable that we haven't gone further than we have so far.
01:09But I think this.
01:10This is something that will likely pass the Korean prime minister was in Washington recently.
01:15He spoke with Vice President Vance about where things were.
01:18So things should be on a.
01:20Solid footing.
01:21I think in terms of longer term, though, there is this question of.
01:25What will hold in the case with Greenland recently, we saw USCR Jameson.
01:30Greer say that in essence, that countries need to compartmentalize things and there might.
01:35Be issues where the US will put a tariff on a country while the deal is still in place.
01:39So I think.
01:40This is the challenge going forward is where will the US expect countries to compartmentalize certain.
01:45issues where it wants more and puts a tariff in place while the deal that they have already remains in place.
01:50We're hearing that the South Korean government.
01:55government didn't necessarily receive any official notice on these tariffs from the Trump administration.
02:00And when it comes to the relationship between Washington and Seoul, how detrimental.
02:05Could this be remember, even during the negotiations on the trade deal, we have seen that immigration rate.
02:10in Georgia, causing a lot of uproar in South Korea.
02:15This is a relationship that I think we've seen some ups and downs with you've had the downsides with the.
02:20Great in Georgia, you have this potentially now, but there are upsides, the United States is referring.
02:25to Korea has a model ally, one that it wants other simulate.
02:28It's been happy.
02:30with South Korean spending on defense, we've seen significant developments.
02:35with the US allowing South Korea to develop nuclear subs.
02:38So I think there has been some back and forth.
02:40and forth in this relationship, but this was something that would be a serious issue in South Korea.
02:45If these tariffs go back up to 25%, that then starts impacting businesses and puts
02:50in South Korea at a disadvantage to Japan and the European Union.
02:53So this is an important issue, but I do think this is.
02:55one that we can resolve.
02:56one that we can resolve.
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