[Trade Disputes and Industrial Policy] Trade Disputes and Tit-for-tat Actions: Relocating International Relations

Trade Disputes and Tit-for-tat Actions: Relocating International Relations

Sojin Shin [Associate Professor of Political Economy, Tokyo International University]

► How do the global trade wars affect South Korea’s political and economic relationship with other countries? How do trade disputes influence Seoul to relocate its foreign partnership?

► Trade disputes between sovereign states have presented tensions and conflicts with tit-for-tat actions

► Seoul has tried to relocate not only its trade partners but also its strategic allies to enhance its national interests. It has attempted to diversify supply chains and trade partners to mitigate the negative impacts of global trade wars on its domestic market. It will need to monitor the global market further and continue reducing economic dependence on particular countries. 

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