- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Trump gets South Korean concessions in first trade deal
Posted on 3/28/18 at 1:48 pm
Posted on 3/28/18 at 1:48 pm
LINK
Damn Tariffs!!!!!!
LINK
quote:
At his insistence, the two countries launched talks last year to renegotiate the pact.
Senior administration officials Tuesday night outlined the details of the revised U.S.-Korea Free Trade Agreement, known as KORUS, most of which were announced over the weekend by the South Korean government.
Separately, Seoul won a permanent exemption from a new 25 percent steel tariff imposed by Trump as of last week, although not from a new 10 percent duty on aluminum imports. In exchange for the steel tariff exemption, South Korea agreed to cap its steel exports at 70 percent of the average volume from the past three years on a product-by-product basis.
The changes to the KORUS agreement include a provision that will double to 50,000 the number of cars each U.S. manufacturer can export to South Korea without having to meet the country’s more stringent safety standards. Others address additional auto regulatory barriers.
Seoul has also agreed to let the United States maintain its 25 percent tariff on light trucks for 20 extra years, instead of phasing it out by 2021 as originally negotiated.
Damn Tariffs!!!!!!
LINK
5
Posted on 3/28/18 at 1:51 pm to Jjdoc
quote:
Seoul has also agreed to let the United States maintain its 25 percent tariff on light trucks for 20 extra years, instead of phasing it out by 2021 as originally negotiated.
Are we importing a lot of light trucks from there?
Posted on 3/28/18 at 1:53 pm to Jjdoc
quote:
Damn Tariffs!!!!!!
They still suck.
The justification for the steel and aluminum tariffs was absurd. It was labeled as a national security issue, and you marketed it as such too.
Now that SK will let us sell 25,000 more cars per year, the steel tariff on SK is no longer a national security issue?
Posted on 3/28/18 at 1:53 pm to Jjdoc
Is it over yet? I’m still not tired.
Posted on 3/28/18 at 1:54 pm to Jjdoc
Can someone name a single product that reads "Made in South Korea"
Posted on 3/28/18 at 2:00 pm to FLTech
Kia
Posted on 3/28/18 at 2:00 pm to FLTech
quote:
Can someone name a single product that reads "Made in South Korea"
If you’re using an Apple product, the device you used to type this post has parts that were made in South Korea. Semi conductors are big business there.
Posted on 3/28/18 at 2:02 pm to Powerman
quote:
Are we importing a lot of light trucks from there?
No,probably because of the tariff. They can't really compete.
I guess they could build them here though and escape the tariffs?
Kia and Hyundai both already build cars here.
Posted on 3/28/18 at 2:03 pm to Jjdoc
quote:
in first trade deal
Well, he did say we'd be shocked at the speed of all these new trade deals.
Of course, we didn't think he meant shocked by how long they would take. Or that "new deals" would mean just very minor tweaking of Bush deals.
Hey, here's a fun fact: we weren't even selling enough vehicles to hit that 25K quota to begin with. And the new quota of 50K is a pretty tiny part of the 19 million US cars typically sold annually.
LINK
Here's how the Koreans felt about the art of this deal:
quote:
The deal has many in South Korea breathing a sigh of relief. The concessions made by Seoul were “modest,” said Ahn Duk-geun, a Seoul National University professor of international studies and an international trade expert. “It’s almost too good to be true.”
Posted on 3/28/18 at 2:04 pm to Powerman
quote:
Are we importing a lot of light trucks from there?
Not yet. Although in 20 years labor costs in S Korea will be prohibitively high anyway.
Is this a chicken tax country?
This post was edited on 3/28/18 at 2:05 pm
Posted on 3/28/18 at 2:06 pm to slackster
quote:
They still suck
Do they?
hmmm...
quote:
The justification for the steel and aluminum tariffs was absurd. It was labeled as a national security issue, and you marketed it as such too.
It is. We need our on factories out put to be increased.
quote:
Now that SK will let us sell 25,000 more cars per year,
PER manufacturer.
quote:
the steel tariff on SK is no longer a national security issue?
Kept the Aluminium.... SK is an Ally.
China... they moved quickly didn't they....
Posted on 3/28/18 at 2:08 pm to 90proofprofessional
Bless your bones!
Posted on 3/28/18 at 2:09 pm to FLTech
quote:
Can someone name a single product that reads "Made in South Korea"
Quite a few guitars.
Huge electrical transformers.
Railroad engines.
This post was edited on 3/28/18 at 2:38 pm
Posted on 3/28/18 at 2:26 pm to Jjdoc
quote:
It is. We need our on factories out put to be increased.
Then why cave on any tariffs?
Look, I'm glad they're being waived for all of these countries because I despise the idea of tariffs at all, but it validates the original criticism of the national security logic.
Posted on 3/28/18 at 2:31 pm to FLTech
quote:
Can someone name a single product that reads "Made in South Korea"
They’re one of the largest shipbuilding countries in the world.
Posted on 3/28/18 at 2:38 pm to 90proofprofessional
Pretty good stuff. Hopefully NAFTA renegotiation turns out similarly. If President Deals is willing to take some minor tweaks and spin the hell out of them I'll call that a win too.
Posted on 3/28/18 at 2:41 pm to Iosh
quote:
If President Deals is willing to take some minor tweaks and spin the hell out of them I'll call that a win too.
I guess we just weren't anywhere near ready for the amount of winning we'd be experiencing this week under TPP
Posted on 3/28/18 at 2:46 pm to Powerman
quote:
Are we importing a lot of light trucks from there?
Yes, for almost every purpose SUVs are classified as light trucks.
Posted on 3/28/18 at 2:46 pm to FLTech
quote:Kia, Hyundai, Samsung, LG
Can someone name a single product that reads "Made in South Korea"
Posted on 3/28/18 at 3:00 pm to slackster
quote:
Then why cave on any tariffs?
Look, I'm glad they're being waived for all of these countries because I despise the idea of tariffs at all, but it validates the original criticism of the national security logic.
^ Another example of an idiot pontificating on a subject that he is completely ignorant about .
The tariff is useful as a bargaining chip. Sure, we'll remove the tariff, if you give us something we want, and in every case where Trump has agreed to an exemption he's gotten something he wanted. That's called making a deal. Something we as a country haven't done in years, these other countries were quite content to watch us capitulate on every deal and get screwed, but why are YOU complaining about us doing things differently now?
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News