Top officials in Washington and and Seoul say the sticking point for an agreement continues to be the logistics behind Trump’s demand that South Korea invest $350 billion in the United States.
Korean officials say a direct cash injection could destabilize their economy, and they’d rather do loans and loan guarantees instead. The country would also need a swap line to manage the flow of its currency into the U.S.
The disparity between what Trump is asking for and what South Korea can deliver threatens to overshadow the meeting between Trump and South Korean President Lee Jae Myung in Gyeongju, a historical city playing host to the annual Asia-Pacific Economic Cooperation summit.
Its kinda useless to say it but what the fuck is this moron doing. This genuinely makes no fucking sense from a political or business perspective. Form a political standpoint this strains their relationship, just why, the usa has always been friendly with korea due to the war and north korea existing. And from a business perspective, no sane lawmaker is ever going to grant this request. That such a gigantic loss will nuke their economy. Trump can try to pressure them by banning samsung, but samsung is fucking huge and makes everything so that would be a massive blow to the US economy. What is the idea here like seriously