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This is all extremely vague, and Japan and Korea have absolutely not "caved in" on this basis. Japan and Korea talking to the US; the EU did too, and Trump refu
by rsynnott 2y ago
This is all extremely vague, and Japan and Korea have absolutely not "caved in" on this basis. Japan and Korea talking to the US; the EU did too, and Trump refused their zero-for-zero offer. But if those talks come to nothing, which seems likely, then Japan and Korea will absolutely introduce retaliatory tariffs, too; the game theory of the thing makes it more or less inevitable.
- suraci 2y ago> Japan and Korea will absolutely introduce retaliatory tariffs I really doubt about this, but I will wait to see
- mytailorisrich 2y agoNeither South Korea nor Japan are retliating and they sent delegation to "negotiate", which in context means to see what concessions they can offer to try to remove or lower the new tariffs. That's pretty much "caving in", but that's also expect: Both countries are not strong enough and too dependent on the US to do otherwise.
- rsynnott 2y agoThe EU is not yet retaliating (the tariffs mentioned in the article are retaliation for the US's steel and aluminium tariffs from last month, not the most recent batch), and is negotiating; as I mention there was a zero-for-zero option. Retaliation for the current round of tariffs is currently under discussion. Make no mistake, it'll be the same in Japan and SK. At least the credible threat of retaliation, if not retaliation already in action (the China approach) is required for any real negotiation.