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19.12.25 - 00:12
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U.S. Freezes Korea Trade Talks After Seoul Ignores Warnings Over Big Tech Shakedown (ZeroHedge)
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U.S. Freezes Korea Trade Talks After Seoul Ignores Warnings Over Big Tech Shakedown
One month after it looked like South Korea was backing off Big Tech with an ongoing shakedown of fines for violating arbitrary laws, the Trump administration just left the chat - canceling a key bilateral trade meeting and signaling that continued regulatory pressure on American technology firms will carry immediate consequences.
Seoul now gets to enjoy life on the outs - as the Office of the U.S. Trade Representative (USTR) this week scrapped a scheduled meeting of the KORUS Joint Committee, the primary forum for managing the U.S.–South Korea free trade agreement, Politico reports. The move reflects a growing determination in Washington to ensure compliance with explicit commitments made under an updated trade framework negotiated earlier this fall.
Administration officials familiar with the decision said the meeting was canceled after it became clear that South Korea was pushing forward with digital regul...
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15.12.25 - 23:36
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UK and South Korea sign new trade deal aimed at cars, salmon and Guinness (The Guardian)
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Government says arrangement will bring in extra £400m on top of more than £15bn of existing annual trade with KoreaThe UK has signed a new trade deal with South Korea designed to increase exports of cars, Scottish salmon and Guinness canned in Britain.Keir Starmer described the deal, which replaces an existing agreement, as “a huge win for British business and working people”. It follows UK deals with India and the US, and the free trade agreement with the EU clinched this year. Continue reading......
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