Political unity needed for upcoming negotiations with US

On July 30, Korea agreed to tariff terms with the United States, capping levies on Korean autos and auto parts at 15 percent. In exchange, Korea pledged $350 billion in investments in the U.S. and agreed to increase imports of U.S. liquefied natural gas (LNG). The agreement defused immediate trade risks for Korea, but as neither country has signed the deal yet, Korea may still face negotiation challenges. Sooner or later, President Lee Jae Myung will meet U.S. President Donald Trump at a summit to define Korea’s economic and security trajectory. The U.S. is pressing for Korea to further open up its agricultural market to U.S. rice and beef and asking for a significant increase in its financial contribution to U.S. military operations. As these demands target politically sensitive issues, Korea needs to prepare comprehensively and enter these talks with unified domestic political backing. Lee has requested that the trading teams negotiate for domestic national interests, emphasising that Korea should not concede to unreasonable demands. While he did not call on public and political grWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times