Tag: Donald Trump

Bloomberg Gives Preview of “Trumpnomics”; Taiwan Will Be Asked To Pay More For Defense if Trump is Elected

There has been a lot of concern in South Korea that a second Trump presidency would see him asking the ROK to pay more for the upkeep of U.S. forces, instead it appears Trump will be targeting Taiwan instead:

“Tariffs are great economically and good for negotiations. U.S. President Joe Biden’s policies to foster electric vehicles have only added to inflation with subsidies.”

Former President Donald Trump hinted in an interview with U.S. economic media Bloomberg Business Week that there will be an upheaval in overall economic and industrial policies if he takes power. The interview was held at the Mar-a-Lago resort in Florida at the end of June before the shooting, but it was relentless as if it had already been elected. In fact, attention is drawn to the disclosure of the sketch of “Trumpnomics.”

In an interview released on the 16th (local time), former President Trump said, “The interest rate should remain as it is until the economy recovers,” and stressed, “The interest rate level is high now, so (the Biden administration) may want to cut interest rates, but it should not be done before the election.”

Maeil Business Newspaper

Here is where Trump discusses Taiwan:

Former President Trump attacked Taiwan for taking the U.S. semiconductor industry and saying it should be returned as defense expenses. Asked if he would defend Taiwan against China, he replied, “Taiwan has taken the U.S. semiconductor industry, so I think it should pay us for defense.” Former President Trump said, “Taiwan gives us nothing. But the United States is giving them billions of dollars to get them to produce semiconductors in the United States,” he pointed out. 

You can read much more about Trumpnomics at the link.

Korean Political Parties Which Are No Stranger to Politcal Violence, Condemn Assassination Attempt on Donald Trump

South Korea has definitely has had its share of political violence to include recently the stabbing of the Democratic Party leader Lee Jae-myung:

DP spokesperson Han Min-soo also sent best wishes Trump’s way and echoed the PPP’s sentiment that political terrorism must never be justified.

“The Democratic Party suffered an act of terrorism against former leader Lee Jae-myung, and we’ve been battling to fend off the ghosts of such terrible politics based on hatred,” Han said. “We strongly condemn political terrorism that destroys democracy, and we will be on the front lines of the battle against the politics of hatred.”

Yonhap

The conservative People Power Party however condemned the attack and mentioned the recent politcally inspired attacks on both Lee Jae-myung and PPP member Bae Hyun-jin;

Ho Jun-seok, spokesperson for the ruling People Power Party (PPP), wished Trump a speedy recovery, after the Republican presidential candidate had a bullet pierce the upper part of his right ear during a Saturday rally (U.S. time) in Pennsylvania.

“Political terrorism is a threat to democracy and cannot be tolerated for any reason,” Ho said in a statement. “Political terrorism is a product of extremism and politics of hate. Politicians have the duty to unite society through understanding and harmony.”

Ho said South Korean people have also been affected by political terrorism, citing attacks on former presidential candidate and ex-Democratic Party (DP) leader Lee Jae-myung and PPP lawmaker Bae Hyun-jin.

You can read more at the link, but back in 2006 there was also the slashing of then conservative parliamentary member Park Geun-hye who would go on to become President and in 2015 U.S. Ambassador to Korea Mark Lippert was slashed across the face as well. You can go even further back when Korean President Park Chung-hee was assassinated in 1979 as well.

Park Geun-hye slashed across the face and neck in 2006.
Ambassador Lippert slashed across the face in 2015
Lee Jae-myung stabbed in the throat in 2024.
Bae Hyun-jin attacked with a hammer in 2024.

President Yoon “Appalled” By Assassination Attempt on Donald Trump

Here is the reaction from the President of Korea on the attempted assassination of Donald Trump:

President Yoon Suk Yeol said Sunday he was shocked by an assassination attempt on former U.S. President Donald Trump, denouncing the attack as “horrible political violence” and wishing him a quick recovery.

“I am appalled by the horrible political violence. I wish former President Trump a speedy recovery,” Yoon wrote in English on his official X page. “The people of Korea stand in solidarity with the people of America.”

Trump, the Republican presidential candidate pursuing his second term, suffered a gunshot wound in his right ear during a rally in Pennsylvania on Saturday (U.S. time). The Federal Bureau of Investigation has said it will treat the shooting as “an assassination attempt” against Trump.

Yonhap

You can read more at the link. We don’t know the motivations of the assassin yet, but I would not be surprised if he is someone with a history of mental issues, lives an isolated life, with no girlfriend, and became radicalized by all the rhetoric against Trump. I just recently shared on here The New Republic cover that had Trump looking like Hitler. How many times have we heard Trump is going to end democracy in America? This is all complete rubbish, but talk like this causes crazy people to do crazy things.

U.S. Congressman Proposes Trilateral Summit with ROK and Japanese Legislatures in Opposition to Trump’s USFK Withdrawal Plan

It will be interesting to see if this idea of a trilateral summit between the U.S., ROK, and Japanese legislatures ever happens. It seems it would be hard to do with the ROK National Assembly controlled by the Korean Democractic Party which has many anti-Japanese members who would not want to be seen with anyone from the Japanese government:

This file photo, taken Aug. 18, 2023, shows South Korean President Yoon Suk Yeol (L), U.S. President Joe Biden (C) and Japanese Prime Minister Fumio Kishida attending a press conference at Camp David in Maryland. (Yonhap)

This file photo, taken Aug. 18, 2023, shows South Korean President Yoon Suk Yeol (L), U.S. President Joe Biden (C) and Japanese Prime Minister Fumio Kishida attending a press conference at Camp David in Maryland. (Yonhap)

In an April interview with U.S. magazine TIME, Trump suggested that Washington could withdraw the 28,500-strong U.S. Forces Korea if South Korea, a “wealthy” country, does not increase its contributions for the upkeep of the U.S. troops.

The remarks added to deepening security concerns fueled by Pyongyang’s unceasing push to advance its nuclear and ballistic missile programs, and its burgeoning military cooperation with Russia.

In the face of the North’s persistent threats, Bera drove home a reassuring message: The alliance remains sturdy.

“I think it’s as strong as ever, maybe even stronger than it was a decade ago,” he said.

The lawmaker also underscored Congress’ efforts to advance trilateral cooperation among South Korea, the U.S. and Japan, which has firmed up against the backdrop of growing North Korean threats.

“We’ve been talking about the legislative equivalent of what happened at Camp David, where you could get members of Congress, leaders in the Diet and leaders in the National Assembly together to just reaffirm that outside of the executive branch,” he said.

He was referring to the first-ever standalone trilateral summit that South Korean President Yoon Suk Yeol, Biden and Japanese Prime Minister Fumio Kishida held at Camp David in Maryland in August, in a culmination of their three-way collaboration.

Yonhap

You can read more at the link.

Former Advisor to President Moon Explains What A Trump Presidency Would Mean for South Korea

Former President Moon’s foreign policy advisor, Moon Chung-in has an interview in the Korea Times. Part of the interview focuses on what he thinks a President Trump presidency would mean for South Korea:

Q: If Trump were to be re-elected, what would his approach be toward North Korea? Would we witness another Trump-Kim bromance?

A: In a potential second term, Trump will prioritize solidifying his political legacy. His foreign policies would be greatly influenced by media attention and personal ego, as he values how history will remember him. Striking a “big deal” with Pyongyang and contributing to peace on the Korean Peninsula could serve as a pathway to fulfilling such an ambition, potentially earning him a Nobel Peace Prize nomination. While resolving the war in Ukraine or the Gaza crisis could also enhance his Nobel Prize prospects, negotiations with North Korea are likely to be a key agenda for Trump.

In that sense, Trump will actively engage North Korea, potentially even considering a visit to Pyongyang for a summit with Kim Jong-un, where Trump could present surprising offers. However, the success of such endeavors ultimately depends on Kim’s response.

Q: What would Kim want from Trump? And considering that their previous attempts did not yield favorable results, does that mean they will have to start from square one? 

A: Kim has little to lose by fostering a close relationship with Trump, as showcasing friendship with a global leader sends a powerful message both domestically and internationally.

However, the problem is that Kim’s trust in Trump was shattered when the former president did not keep his promise made during the Panmunjeom summit in June 2019. To mend that fractured trust, Trump would need to extend significant overtures this time. This could include pledges on immediate sanctions relief that would visibly improve North Korea’s economy, followed by the normalization of bilateral relations between Pyongyang and Washington. Additionally, Trump might propose halting joint military exercises between South Korea and the United States, or even reducing the number of U.S. Forces Korea (USFK) troops. In exchange, he could seek commitments from North Korea to cease nuclear and missile activities, along with a gradual reduction of its nuclear arsenal.

Korea Times

You can read much more at the link.

Trump Criticizes South Korea for Not Paying Enough to Support USFK Troops

This is why the ROK wants to conclude cost sharing negotiations before any potential Trump presidency:

Former President Donald Trump has suggested that the United States could pull out its troops stationed in South Korea if the Asian ally does not make more financial contributions to support them, U.S. magazine TIME reported Tuesday.

TIME’s release of its interview with Trump came as Seoul and Washington recently launched new negotiations over South Korea’s share of the cost for the upkeep of the 28,500-strong U.S. Forces Korea (USFK) under a deal, called the Special Measures Agreement (SMA). 

“We have 40,000 troops that are in a precarious position,” he was quoted by TIME as saying. “Which doesn’t make any sense. Why would we defend somebody? And we’re talking about a very wealthy country.”

He was apparently referring to the 28,500 USFK service members. 

Based on the remarks, TIME said in an article that Trump “suggests” the U.S. could withdraw its forces “if South Korea doesn’t pay more to support U.S. troops there to deter (North Korean leader) Kim Jong-un’s increasingly belligerent regime to the north.”

Yonhap

You can read more at the link, but it will be interesting to see if this becomes a major campaign issue or not this year.

Experts Say South Korea Needs to Make a “Diplomatic Buffer Zone” In Case Donald Trump Gets Elected

South Korea is already working on a “diplomatic buffer zone” with the early renegotiation of the USFK upkeep in case Trump does get elected:

With Donald Trump cruising to a rematch with United States President Joe Biden in the presidential election in November, the world, including South Korea, is preparing for a possible second Trump presidency, which is anticipated to force many countries to recalibrate their diplomatic strategies.

Throughout last year, the Yoon Suk Yeol administration has concentrated on strengthening its alliance with the U.S. to an unprecedented level, aligning South Korea’s diplomatic stance with its traditional ally on most issues, including sensitive ones such as the war between Ukraine and Russia.

Experts said, however, that South Korea this year will have to focus on securing a “diplomatic buffer zone” to prepare for a possible second Trump presidency, which is expected to force Seoul to shoulder a greater amount of the cost of maintaining U.S. Forces Korea’s (USFK) presence on the peninsula and make greater efforts for containing China. The speculation that Trump may condone North Korea’s possession of nuclear weapons is also a concern for Seoul, which has been striving to stymie Pyongyang’s nuclear ambitions through U.S. extended deterrence.

“In terms of the relations with the U.S., the top agenda item that South Korea should focus on this year would be creating a diplomatic buffer zone for requests that Washington may make under a possible second Trump presidency in 2025,” said Lee Geun, professor of international politics at Seoul National University’s (SNU) Graduate School of International Studies.

Korea Times

You can read more at the link.

Trump Claims America was Safe From North Korea During his Presidency

I don’t think safe is the word; more like better behaved:

Former President Donald Trump on Sunday boasted his personal ties with North Korean leader Kim Jong-un that he had built during his presidency, stressing America was “safe” then.

Trump made the remarks during a rally in Indianola, Iowa, on the eve of the first vote of the Republican Party’s nomination contest in the lead-off state. Hours earlier, Pyongyang fired a suspected intermediate-range ballistic missile into the East Sea in its first missile launch this year.

“Kim Jong-un (is) very smart, very tough, but he liked me and I got along really well with him and we were safe,” Trump said during a live-streamed speech.

Yonhap

You can read more at the link.