[JUNGBUB TALK] Lecture 6361. Surviving Strategy Under Protectionism

Question: After President Trump’s inauguration, the global trade system has been shaken by the United States’ withdrawal from the TPP (Trans-Pacific Partnership) as well as the demand to renegotiate the FTA. The US withdrew from the TPP before it went into effect and is now demanding the renegotiation of NAFTA and the Korea-US FTA. The US tries to reduce its trade deficit by strengthening protectionism and to entice foreign companies to establish manufacturing plants in the US. In this condition, what is the surviving strategy of Korea’s companies in which their export is more than half of their economy?
Date: July 9th, 2017
Location: Hwaseong, South Korea
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