"If Trump Wins, US Protectionism Will Strengthen... Focus on Inflation"

'US Politics Expert' Kim Ji-yoon, Asan Institute for Policy Studies Committee Member
"Trump's Protectionism Likely Especially Strong Against China"
"South Korea Not Exempt... Cooperation with Japan, Taiwan, etc."
"Policies Will Be More Refined Than Trump’s First Term"
"Focus Will Be on Inflation"

There is a prospect that if former President Donald Trump is elected in the upcoming U.S. presidential election this November, American protectionism will be strengthened.

Research Fellow Kim Ji-yoon of the Asan Institute for Policy Studies is giving a lecture on the policy directions that could be pursued if former President Donald Trump is re-elected at the 'KCCI Jeju Forum' held at the Shilla Hotel in Jeju on the 18th. Photo by KCCI

On the 18th, Kim Ji-yoon, a political expert and research fellow at the Asan Institute for Policy Studies, held a special dialogue with Choi Jun-young, senior specialist at the law firm Yulchon, at the 'KCCI Jeju Forum' held at Shilla Hotel in Jeju. Kim said, "If Trump is elected, there is a high possibility that protectionism will be further strengthened, especially against China," adding, "South Korea will not be exempted just because it is an ally."

However, Research Fellow Kim said, "The policy direction will not be significantly different from Trump's first term, but the policies will be more sophisticated than before," and predicted, "Trump will implement policies for his supporters and provide benefits to industries such as steel and oil." He continued, "The era of globalization is over, and we have reached a time when countries with similar views must unite and choose sides," emphasizing, "South Korea also needs organic cooperation with pro-American countries like Japan, Taiwan, and Australia."

Research Fellow Kim also said that if Trump is elected, his economic policy will "focus on inflation," adding, "From the U.S. perspective, domestic circumstances come first. The current policy directions do not seem related to controlling inflation, but there are various reasons why supporters are enthusiastic. He will unconditionally focus on inflation."

Meanwhile, Choi Jun-young, who had the dialogue with Research Fellow Kim, said, "Even if Joe Biden wins the presidential election, the pressure on U.S. investment in countries like South Korea will increase."

This content was produced with the assistance of AI translation services.