South Korea's new president has a Trump-shaped crisis to avert
Summary
South Korea's new president, Lee Jae-myung, has taken office immediately following the previous president's impeachment. His immediate challenge is dealing with tariffs imposed by former US President Donald Trump, which threaten South Korea's economy and its relationship with the US and North Korea.Key Facts
- Lee Jae-myung became president without the usual transition period because the former president was impeached.
- Lee won the presidency with nearly 50% of the vote, focusing on strengthening democracy and uniting the country.
- Donald Trump imposed 25% tariffs on South Korean imports in April, including steel and cars.
- The tariffs could lead to an economic crisis in South Korea, whose economy is already struggling.
- The US guarantees South Korea's security against North Korea with 28,500 troops stationed there.
- Trump has linked trade negotiations with South Korea to military protection costs.
- Trump previously questioned the need to have US forces in South Korea unless Seoul paid more for their presence.
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