South Korea retaliated against Japan on Monday in a diplomatic and trade dispute deciding to remove its neighbor from its list of countries entitled to preferential treatment in trade.
A reciprocal move by Seoul to Japan after Tokyo took a similar action against Seoul.
How will this affect the global value chain and what about for global consumers and the global economy?
Joining me live from Washington is Dr. Gregg Brazinsky, professor of history and international relations at the George Washington University.
Dr. Brazinsky, welcome to the program.
How will Japan's export restrictions against South Korea and now South Korea's tit-for-tat move against Japan affect, first, the global consumers? Is it going to take a hit at our wallets?
What would you say is at the root of the problem?
As a historian and an expert in international relations, what is your view on Japan's argument that the 1965 treaty has resolved and compensated for all issues regarding its colonization of the Korean Peninsula?
Is it possible for South Korea and Japan to come to an agreement before the burgeoning trade war ripples throughout the regional and global economies?
Dr. Gregg Brazinsky, professor of history and international relations at the George Washington University, many thanks for your insights this morning. We appreciate it.