*This is my very personal opinion.
The real reason the US demanded $350 billion from South Korea?
There are no eternal allies. America is an exploitative power.
The US demanded $350 billion from South Korea. And that in cash. But this is absolutely unacceptable.
$350 billion represents 80% of South Korea's foreign exchange reserves.
If South Korea, unknowingly and according to US demands, signs the agreement and uses its foreign exchange reserves, South Korea will go bankrupt, in other words, face an IMF crisis. The exchange rate will skyrocket,
causing a domino effect that will lead to the collapse of many companies. This would make it easy for the US to acquire South Korea's excellent companies and technologies at a bargain price.
.png) |
| $350 billion from South Korea |
American manufacturing is in shambles right now, struggling to make even a single mask or a single warship during the coronavirus pandemic, and unable to even repair broken parts.
Despite the recent onslaught of Chinese manufacturing, which has forced factories around the world to close, South Korea has cemented its image as a manufacturing powerhouse by launching Made in Korea products.
 |
| Made in Korea |
This demonstrates that South Korea can manufacture anything, boasting numerous companies capable of competing with Chinese manufacturing. For the United States, which is championing a manufacturing revival, South Korea is the perfect and desirable role model.
The South Korean government has caught wind of this US strategy in this tariff agreement and is refusing to sign this unreasonable agreement with the US.
God helped Korea. If the previous South Korean government's foolish president hadn't been impeached, South Korea would be exploited by the US right now.
Japan is a double-edged sword, a long-time enemy of Korea that has historically always caused harm, but has also self-destructed.
Japan made headlines by signing a $550 billion US investment agreement in order to bring Korea to the tariff agreement signing table quickly through secret negotiations with the US *Rumor (by pushing Korea into a foreign exchange crisis to easily acquire companies; Japan profited greatly from Korea during the 1997 foreign exchange crisis). (Unlike Korea, which does not have a swap agreement with the US, Japan is very unlikely to face a foreign exchange crisis due to its adequate foreign exchange reserves and unlimited currency swap with the US.)
 |
| Taxes for you |
Japan initially misunderstood that the US tariff on automobiles had been unified at 15%, but in reality, it faced the shocking consequence of a "cumulative tariff" of 15% added to the existing 2.5%, for a total of 17.5%.
In the end, Japan, too, was blindsided by the US, which had relied on the Trump administration's strategy.
Karma always exists in the lives of humans and humanity. If you do good, good things will happen, and if you do bad, bad things will happen. If you do something like that, there will always be consequences.
Make America Great Again... America will undoubtedly become stronger internally.
However, if it becomes even greater by exploiting its allies, is that a good thing or a bad thing? Will the people of those exploited allies have a positive view of the United States?
Can a country representing such a people truly send a positive signal to the United States?
