Trump is pursuing de-coupling to completely separate China from global supply chains.“The US policy aimed at slowing down the technological catch-up by Chinese semiconductor companies would benefit South Korean companies.”In contrast, steel and chemical industries, blamed for carbon emissions, will be under pressure from climate change measures under Harris.
Trump promised tariffs on foreign steel and chemical products to resuscitate the US manufacturing industries.“The global trade order centered on China is coming to an end and all major countries are forming new value chains,” said Jung Eun-min, a senior researcher at KIET.“We need to establish a supply chain that does not depend on a specific country and to discover and foster irresplaceable industries,” she added.
The Democratic Party presidential candidate is expected to strengthen military alliances with NATO allies to contain the influence of China and Russia, which will lead to an increase in maintenance, repair and operation orders, particularly for outdated US naval ships, said the Korea Institute for Industrial Economicsand Trade (KIET).
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