Where to even start with this. America had a $66 billion trade deficit with So Korea. There’s nothing inherently wrong with this. It’s mostly just the outcome of supply and demand: Americans demand South Korean products more than South Koreans demand American products. But Trump has been depicting trade deficits as proof that countries are ripping off Americans so he can get better import/export “deals“ and “investments“ from these countries.
In the latest round of tariff wars, Trump claims South Korea will allow American exports to be duty-free, while South Korean imports will cost American companies and consumers 15% more than we have been paying. Trump calls this “winning.” He also says South Korea has agreed to invest billions of dollars in American infrastructure. What infrastructure? Energy infrastructure, for AI data centers. he also calls this “winning.”
To be sure, it is in fact “winning,” but only for the technocracy and oligarchy. There will be no winning for the American people, whose jobs will be systematically deleted as more and more of these foreign funded AI data centers come into existence across America and the prices on products keep going up while the quality of products keeps tanking.