Could This Economic Issue Have an Impact on Peace Talks Between U.S., North Korea, and South Korea? Could This Economic Issue Have an Impact on Peace Talks Between U.S., North Korea, and South Korea? – NTK Network

Could This Economic Issue Have an Impact on Peace Talks Between U.S., North Korea, and South Korea?

The U.S. may be closer to a denuclearized North Korea than it has been in years, but an issue that, at first glance, has nothing to do with nuclear weapons may derail the effort.

By NTK Staff | 03.07.2018 @3:00pm
Could This Economic Issue Have an Impact on Peace Talks Between U.S., North Korea, and South Korea?

As NTK Network reported this week, North Korea and South Korea may be closer to peace talks than the two warring nations have been in years. President Trump has received credit for playing the “bad cop” in this scenario, and for applying “maximum pressure” to North Korea since he took office.

However, an issue that has nothing to do with nuclear weapons or North Korea – at first glance – may now be threatening peace talks between the two Koreas and the United States.

The issue? New steel and aluminum tariffs the president rolled out last week.

The New York Times reported:

President Trump’s plan to impose stiff steel tariffs would severely punish South Korea, a key diplomatic ally and a major exporter of the metal to the United States, at a moment when America is embarking on a series of high-stakes negotiations to defuse tensions on the Korean Peninsula.

…If talks materialize, the United States will need the close partnership of South Korea. But in recent months, the Trump administration has alienated the South’s leaders by initiating a series of tough trade measures that seek to penalize the country for exporting more goods to the United States than it imports.

This is just one of several negative impacts the announced tariffs may have on the U.S. economy. NTK Network reported on Tuesday that the European Union (EU) announced retaliatory tariffs this week, and both Republicans and the stock market have pushed back on Trump’s claims that trade wars are “easy to win.”

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