Korean’s “Me First, Me Only, Me Now” Automobile Trade Policy With Americans

Posted: July 17, 2011 in free trade

Source: Trade Deficit With South Korea in Autos Continues to Rise

“According to Yonhap News, South Korea’s trade surplus in autos with
the U.S. hit a record in 2010, despite commitments from the government to open
its market to America’s Big Three automakers.

In all of 2009, the U.S. exported just 5,878 autos to South Korea. South
Korea, on the other hand, exported 476,833 autos to the U.S.

Last year, South Korea’s auto exports to the U.S. jumped 24 percent, to
$11.73 billion. The U.S., on the other hand, exported just $492 million worth
of autos to the South Korean market.

That accounts for a $10.8 billion trade deficit in automobiles alone.

“Have you seen what’s happened recently with the trade pact with South
Korea? They ask us to sign something that only a moron would sign,” possible
Republican Presidential candidate Donald Trump said of the deal.

Let me assure you gullible unemployed Americans: Koreans will NOT buy
American worker produced cars no matter what. Supporting Korean workers and
Korean products is drilled into Koreans – even when they have to pay higher
prices because of gauging practices by Korean manufacturers.

For instance, a LG or Samsung flat screen computer monitor that can be
bought in the US for around $100 USD, costs about $300 USD in Korea.

Don’t be fooled: American exports to Korea will not increase with any
“Free Trade” agreement. The agreement will be one-way – in favor of
Koreans.

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