“Trade War Triggered by Trump: How Should We Respond?”
The Institute for Far Eastern Studies at Kyungnam University held the 14th Samcheong Forum at 7 p.m. on the 6th in the main conference room of the Peace Hall.
At the forum, Ahn Ho-young, invited distinguished professor at the Institute for Far Eastern Studies at Kyungnam University and former Ambassador to the United States, gave a presentation on the topic "Trade War Triggered by Trump: How Should We Respond?"
Professor Ahn, who served as Ambassador to the United States during the first Trump administration, emphasized regarding Korea's response to the renewed trade war following the launch of Trump's second term, "Rather than responding to each issue individually, we need to draw a big picture for a win-win outcome," and stressed, "It is important to remind the United States that our country (Korea) is the optimal strategic partner."
Professor Ahn pointed out that attention should be paid to President Trump's promotion of 'revitalizing American manufacturing' as the most important economic policy, stating, "It is necessary to utilize the fact that the United States is also interested in industrial sectors where Korea has strengths, such as semiconductors, batteries, shipbuilding, nuclear power, and home appliances." He explained that since technologically advanced industries can actually secure strategic superiority, a comprehensive review and implementation of expanded local investment and industrial cooperation could be a practical solution. He added, "Government policy support is needed to maintain the overwhelming lead in industries with technological comparative advantage."
In addition, Professor Ahn mentioned the need to seek the revival of the rule of law in trade and a 'norm-based trade system,' and said, "It is necessary to actively consider solidarity and joining the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) with countries such as Japan, the EU, Canada, and Australia, which are experiencing similar difficulties."
After the presentation, there was a Q&A session with experts and graduate students who attended the forum.
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