Listen to my analysis on Loud & Clear radio today, on the Korean trade agreement reached today between So. Korea and the US. , and the real objectives of Trump’s current trade offensive. Trump is not launching a trade war. Korea is the template for later re-negotiations of NAFTA and Europe trade terms. The soft agreement with Korea exempts it (the second largest importer of steel to the US) from all steel and aluminum tariffs. Trump’s trade offensive is not about reducing imports to the US; it’s about opening up markets further offshore, especially for US banks. It’s about improving the terms for US corporations, in anticipation of the US economy slowing as interest rates rise and as global trade continues to soften long term, as it has been doing for years.
TO listen to my analysis….
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