U.S. Companies Report a ‘Climate of Fear’ in South Korea as Trump Focuses on Non-Tariff Barriers
Concerns Over South Korea’s Antitrust Practices U.S. businesses in South Korea contend that the country’s antitrust body is being used as a political instrument, unfairly targeting them while safeguarding local enterprises. This perspective comes from a report by the National Bureau of Asian Research (NBR), released recently. The 50-page document, titled “On the Impact of […]
Trump Expands Reciprocal Tariff Policy to Include VATs, Non-Tariff Barriers
President Donald Trump announced Thursday that his administration's mutual tariff policies include foreign value-added tax (VAT) and non-tariff barriers. Unfair to our businesses. In a post on X, Trump reiterated his commitment to mutual tariffs, saying that the US imposes obligations equivalent to those imposed on other countries. He said the policy explains VAT and […]