KDI Economic Outlook 2017-1st Half Impact of China-US Trade Disputes on the Korean Economy April 18, 2017
KDI Economic Outlook 2017-1st Half
Impact of China-US Trade Disputes on the Korean Economy
April 18, 2017
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Kyu-Chul Jung
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- Summary
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■ In the event of a China-US trade dispute, the domestic demand in both countries will shrink, having a negative impact on the Korean economy. Indeed, such an impact will be much stronger on US trade restrictions than vice versa.
■ Korea must aim to diversify its export markets in response to growing trade protectionism led by the US while preparing to prevent any backlash from the China-US trade disputes from spreading to the Korean economy.
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