Reports indicate a major shift in US-Asia trade relations. Under pressure of potential tariffs, Japan has agreed to a $550B investment package where 90% of profits purportedly remain in the US. South Korea is negotiating a similar $350B deal. Commerce Secretary Lutnick framed this as a binary choice: accept the deal or face tariffs. This marks a move towards strictly transactional diplomacy with traditional allies.
intelec1|1 month ago