KORUS: Part of the Heart and Seoul of the US-South Korea Relationship

Journal of Political Risk, Vol. 5, No. 11, November 2017

By Bhakti Mirchandani

South Korea has been an important US ally since 1953.  The alliance is multifaceted, ranging from US military presence in South Korea and coordination on the North Korea nuclear issue to cyber, and from energy to climate change.[1]  South Korea is also the US’s sixth-largest trading partner.[2] Despite the lasting strength of the alliance, the relationship between South Korean President Moon Jae-in and President Trump is fraying under the strain of the North Korean nuclear threat and of renegotiating the bilateral US-Korea free trade agreement (“KORUS “).  President Trump accused President Moon’s government of “appeasement” of North Korea,[3] but ultimately agreed not to attack North Korea without South Korea’s permission.[4]  Trump also threatened to terminate KORUS, which he described as a “horrible deal.”[5]  Beyond the relationship between the two leaders, the position of US Ambassador to South Korea has been vacant since President Trump took office, and South Korean protestors assembled with anti-war signs at an anti-Trump rally outside the US Embassy in Seoul during President Trump’s visit this past Tuesday.[6]

Tae Song Dong, South Korea. The flags of South Korea and the United Nations wave in the breeze. Source: Getty

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Good Hombres (and Mujeres): Let’s Modernize NAFTA

Journal of Political Risk, Vol. 5, No. 9, September 2017

By Bhakti Mirchandani

Mexico is the U.S.’s third largest trading partner[1] and second largest export destination.[2]    Trade representatives from the U.S., Canada, and Mexico said that they made progress in the second round of NAFTA renegotiations (September 1-5 in Mexico City),[3] with a third round scheduled for September 23-27 in Ottawa, Canada.[4]  President Trump’s August 22nd statement at a rally in Phoenix that the US would “probably end up terminating NAFTA at some point”[5] looms over this progress.  Instead, the administration should acknowledge that withdrawing from NAFTA is untenable.

Credit: Bhakti Mirchandani.

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Two Decades of Asian Cooperation and Alliance Building, Followed by Retreat

Journal of Political Risk, Vol. 5, No. 4, April 2017

By David Wolfe

The recent controversy regarding the location of the Carl Vinson Strike Group is analogous to current US Policy in Asia, rather than just another confusing announcement by the Trump Administration. The dysfunctional appearance is emblematic of a newly adopted regional retreat in many ways by the Trump Administration, and ceding territory throughout the region to Chinese aggression and hegemonic dominance.  The time period between the announcements of the US-India Nuclear Agreement back in 2006, right up to the recent withdrawal of the Trans Pacific Partnership (TPP), saw the United States’ Asian Policy focus towards consensus building, greater regional economic integration and an expansion of security partnerships.  However, given the recent withdrawal from TPP, the Trump Administration is reversing course from those alliances established to counter the hegemonic ambitions by the Chinese to one in stark contradiction of that policy overnight.  The United States’ proposed interests, strategic alliances and most importantly, a check to Chinese expansion throughout the region of South, Southeast and Northeast Asia, is now in jeopardy, and no one is more appreciative of this shift than China.  Unfortunately, given the short-term memory in today’s oversaturated news culture, most are either unaware or have forgotten the long-term strategic goals the US has sought to pursue, and how that is now setting up a dangerous scenario for regional allies.

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