* Date : 2017-02-18
4 Angles Ep.156
Trump's First Month in Office
Donald Trump sworn in as the 45th president of the U.S. on January 20, 2017. He is quickly fulfilling his campaign promises and the "America First" pledge. He has signed executive orders to roll back Obamacare, withdraw from the Trans-Pacific Partnership, and impose a travel ban on seven Muslim-majority countries. Critics claim Trump's radical moves directly contract American values. We take a look at the first month of the Trump presidency how a host of uncertainties around it has affected the global landscape.
Where is U.S. Asia Policy Headed?
U.S. President Trump has criticized former President Obama's "pivot to Asia," which was designed to counter China's rising influence in Asia. A month after expressing doubts about the "One China" policy, he reversed his position and told Chinese President Xi Jinping that he would honor it. Recently, he has threatened to label China and Japan a currency manipulator. Amid Trump's mixed signals, we discuss what Trump's Asia policy will look like.
South Korea-U.S. Alliance in Trump Era
During his election campaign, U.S. President Trump threatened to withdraw U.S. forces from South Korea unless it paid a greater share of the defense burden. Many have called into question America's commitment to the South Korea-U.S. alliance, given Trump's transactional approach to foreign policy. In the meantime, U.S. Defense Secretary James Mattis included Korea in his first overseas trip. We assess what the Trump administration could mean for the stability of the Korean peninsula.
What Trump-Style Protectionism Means for Korea
The Trump administration is moving full steam ahead on protectionism on the basis of the "Buy American, Hire American" rule to grow the U.S. economy. In his first week in office, Trump signed an executive order to withdraw from the Trans-Pacific Partnership to counter China. How will Trump's protection measures affect the Korean economy? The Hyundai Research Institute estimates Korea could suffer export losses of US$ 13 bil. if the Korea-U.S. FTA is scrapped. We examine opportunities and threats that the Trump presidency could bring to the Korean economy.