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Can South Korea Resist U.S. Demands Amid Trade Agreement ...
2025-10-29 04:40:11
Asia
Business

Can South Korea Resist U.S. Demands Amid Trade Agreement Stalemate?

As President Trump visits South Korea, significant tensions loom over a stalled $350 billion trade agreement. The South Korean administration, led by Lee Jae-myung, stands resolute against the demands for direct cash or equity, fearing that U.S. priorities may jeopardize its economic stability.

The backdrop includes heightened trade tensions following a raid at a Hyundai Motor plant in Georgia, which has sparked outrage and calls for immigration reforms. Amid these complexities, both nations have agreed to establish a working group to address visa issues for future South Korean projects.

The Asia-Pacific Economic Cooperation (APEC) forum is also underway, drawing leaders from 21 economies, including Trump and Chinese President Xi Jinping. This summit presents an opportunity for dialogue on trade relations, supply chains, and regional cooperation.

However, logistical challenges plague the event, as the host city grapples with inadequate accommodations for the influx of attendees. Overall, South Korea's patience is being tested as it navigates these intricate diplomatic waters.

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Can US-China Trade Talks Lead to Lasting Agreement This Year?

Recent developments in US-China trade talks have sparked optimism for a potential agreement between President Donald Trump and Chinese leader Xi Jinping. As both leaders prepare for their first face-to-face meeting since 2019, significant progress has been reported, with a framework established for discussion. Key elements include China’s commitment to increase purchases of US agricultural products and a delay on export controls of critical minerals. This truce alleviates fears of escalating tariffs, with the threat of 100% tariffs on Chinese goods being lifted. Concurrently, the crypto market responded positively, reflecting confidence in the market's stability. However, tensions in South Korea reveal a rise in anti-China sentiment, complicating the diplomatic landscape. Protests have emerged, highlighting concerns over national interests and safety among Chinese residents. Overall, the evolving narrative between the US and China indicates a cautious yet hopeful path towards resolving trade disputes and stabilizing international relations.

US-China Trade Talks Show Progress Toward Economic Cooperation

Recent developments in US-China trade talks signal a potential thaw in the longstanding economic tensions between the two superpowers. Both nations have announced significant progress, paving the way for a potential trade deal that could see China making substantial purchases of US agricultural products, particularly soybeans. This comes ahead of a critical meeting between US President Donald Trump and Chinese President Xi Jinping at the APEC summit in South Korea. The negotiations aim to restore relations to their pre-trade war status quo, with the US agreeing to delay some tariffs and China postponing its rare earth minerals licensing system. This progress has sparked optimism in global markets, with investors hopeful for a new federal rate cut alongside the trade agreement. The positive sentiment has also triggered surges in cryptocurrency values, highlighting the broad economic implications. While challenges remain, such as rising tariffs and diplomatic strains, the conciliatory tone marks a significant shift from the previous hardline rhetoric, suggesting a more collaborative future. As the world watches, the outcome of these talks could reshape economic and diplomatic landscapes, influencing not only US-China relations but global trade dynamics as well.

Read 20 more recent news on this topic

The press radar on this topic:

Deutsche Welle
28. Oktober 2025 um 13:46

South Korea: Trump's demands test Seoul's patience

South Korea is awaiting President Trump's visit amidst $350 billion investment package demands. Lee Jae-myung's administration stands firm against paying cash or equity for the deal. Analysts say US interests may be prioritized over South Korean stability and economic autonomy. The two countries have agreed to establish a working group on visas for future South Korean projects following an ICE raid in September. This article discusses President Trump's Asia tour, his meeting with Kim Jong Un and..
New York Times - Asia Pacific
28. Oktober 2025 um 23:36

South Korea’s Hosting Anxiety: A City Rich in History but Not Hotel Rooms

The Asia-Pacific Economic Cooperation (APEC) forum is underway in Gyeongju, South Korea, with 20,000 attendees including President Trump and world leaders. However, the city's lack of infrastructure and hotel rooms has caused logistical headaches, prompting the lease of two cruise ships as makeshift hotels. The event has overlapped with the fall tourist season, driving up hotel rates and prices. Organizers have spent $8 million to upgrade local facilities, but some corporate leaders will still..
VnExpress English
29. Oktober 2025 um 00:38

What is APEC? Asia-Pacific leaders to gather in South Korea

Leaders from 21 Pacific Rim economies are gathering in South Korea for the APEC forum, which began on Monday and runs through Saturday. US President Donald Trump and Chinese President Xi Jinping are expected to meet for their first in-person meeting of Trump's second term amid trade tensions between the two nations. The forum aims to promote cooperation and reduce trade barriers, with a focus on supply chains, digital change, and sustainable energy. South Korea is hosting Trump and Xi for state..
The Guardian
29. Oktober 2025 um 06:06

Trump heads to South Korea amid deadlocked trade talks over $350bn deal on tariffs

US President Donald Trump arrives in South Korea for a meeting with President Lee Jae Myung amidst deadlocked trade talks over a $350bn deal on tariffs. The agreement, announced in August, is stalled due to disagreements over whether Seoul should provide direct cash or loans and loan guarantees. The US has also pressed allies to pay more for defense and the two countries are likely to discuss efforts to engage North Korea. Trade tensions have increased since a Hyundai Motor battery plant raid..
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