Trump: NATO is encouraging Russia to attack Russia if it doesn’t pay enough for defense
Ministry of Trade, Industry and Energy “If Trump takes office, exports to the US are expected to decrease by $17.4 billion”
The Korean Peninsula is unstable,
The ‘security business’ of former President Donald Trump, the leading US Republican presidential candidate, is going too far. In addition to expressing his position that ‘the United States will not help if North Atlantic Treaty Organization (NATO) member countries do not properly pay the costs,’ he also threw a message that ‘this could encourage the use of force by hostile countries against the alliance.’ Former President Trump also called for the complete withdrawal of U.S. troops from Korea during his term.
◆The Korean Peninsula becomes unstable due to Trump’s every word.
Meanwhile, former White House Chief of Staff John Kelly, who was a key member of the Trump administration in the first half of the administration, pointed out that former President Trump’s attitude of disparaging America’s security promises was also the same in the mutual defense treaties with Korea and Japan, CNN reported on the 12th (local time). ) reported.
Former Director Kelly pointed out this in an interview in CNN anchor Jim Shooter’s book (The Return of Great Powers), which is scheduled to be published on the 12th of next month.
Former Director Kelly, a former four-star general, said, “The point is that he (Trump) thought there was no point in NATO,” and added, “He was adamantly opposed to having troops in Korea as a deterrent and in Japan as a deterrent.” “I did it,” he said.
Former Chief of Staff Kelly recalled that former President Trump thought Russian President Vladimir Putin and North Korean Chairman Kim Jong-un were ‘okay guys.’ He said, “It seemed to him (Trump) that we were provoking them. “It’s like, ‘If NATO didn’t exist, Putin wouldn’t have done these things,’” he said. It is the United States that has pushed North Korea into a corner.
John Bolton, who served as national security adviser in the Trump administration, also predicted that if former President Trump returns to power, “NATO will be in real danger” and “he (Trump) will try to withdraw (from NATO).”
A former senior official who worked in both the Trump and Biden administrations also predicted in an interview included in this book that if former President Trump defeats President Joe Biden in the November presidential election, “the United States will withdraw from NATO.”
Former President Trump previously stated at a campaign rally on the 10th that he would not help NATO allies who do not pay enough for defense if they were attacked by Russia, and would rather encourage Russia to attack these allies, sparking strong opposition from NATO allies.
◆Trump’s return? Korean export and industry in crisis
The U.S. presidential election has rapidly emerged as a variable in Korea’s trade and commerce environment, putting the government and industry in a difficult position. This is because there is a significant possibility that former President Trump will be elected, who advocates a tougher ‘country first’ policy than President Biden, who has strengthened protectionism such as the Semiconductor Act and the Inflation Reduction Act (IRA).
According to the Ministry of Trade, Industry and Energy, the Korean government and industry are closely watching the U.S. presidential election and are said to be in the midst of preparing countermeasures if former President Trump is elected.
At the ‘1st Industrial Investment Strategy Meeting’ held by the Ministry of Trade, Industry and Energy on the 7th under the chairmanship of Minister Ahn Deok-geun, an analysis of the situation in which the imposition of a universal basic tariff of 10% could become a reality if former President Trump returns to power was shared. In this case, there was a forecast that Korea’s exports could decrease by about $17.4 billion and GDP could drop by 0.308%.
If former President Trump wins the presidential election, it will inevitably have a direct impact on Korean automobile companies.
Local production of vehicles sold by Hyundai Motor Company and Kia Motors in the U.S. market is approximately 40%. Considering that more than half of the vehicles sold locally are produced domestically and exported, it is bound to act as a factor of uncertainty in the export front of Korean cars targeting North America.
In the case of Kia, it also has a factory in Mexico, which accounts for more than 60% of its exports to the North American market, so if trade tariffs are added to Mexico, this will also inevitably be a burden.
It is known that former President Trump will also significantly reduce subsidies for electric vehicles under the Inflation Reduction Act (IRA). He also plans to re-withdraw from the Paris Climate Agreement, which agreed to reduce carbon emissions, and significantly relax regulations on the production of fossil fuels such as oil in the United States.
The intention is to cancel U.S. President Joe Biden’s eco-friendly policies, such as the expansion of electric vehicles. There are concerns that it will be a huge blow to Korean companies that have invested a massive 72 trillion won in the United States.
Reporter Kim Ki-hwan [email protected]
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