The global market is noisy.


This is the so-called tariff attack targeting the global market by US President Trump. Compared to the first term when he took office, he began to target various markets, including regional, national, and global markets, in a more focused and detailed manner.

This is also called the Mad Men strategy of Trump Season 2.

In the end, it's a strategy where what's mine is mine, what's yours is mine, everything is mine.

It controls everything from Greenland to the Gaza Strip to the war in Ukraine, and is even changing the traditional name for the Gulf of Mexico to the United States Gulf.

But the strategy of thinking that everything is mine if you put your mind to it will ultimately fail.

It is a strategy that abandons America's role in the future market, as well as its role as a policeman or international peacemaker in the global market.

Of course, the concept of 4 years at the most is certain, but the current global market is difficult and inconvenient.

The tariff war that was waged using similar methods during the first term in office resulted in a huge failure.

Subsequent reports have concluded that it ultimately triggered inflation in the United States and made life more difficult for Americans.

This tariff war is getting stronger and more serious, but it will ultimately fail as all experts predict.

It's not that Trump doesn't know, and ultimately, his recent strategy is a business strategy of inducing concessions from a position of superiority through tariffs and then drawing out several times the effect for his own country.

The 25% tariffs imposed by Canada and Mexico, which were initially implemented, were delayed for a month and then implemented again, and concessions such as the postponement of automobile tariffs were made, but in the end, the tariffs will be abandoned and more priority will be given to the US.

In reality, it is expected that there will be an adverse effect that will only create a negative boomerang effect due to the characteristics of American companies entering this country and importing from the United States.

immediately This is probably the reason why the automobile tariff has been postponed again. At this time, China has imposed an additional 10% tariff twice, further intensifying the conflict between the US and China.

It is likely that this Trump strategy will continue throughout his term, reinforcing America First and protectionist policies, and the United States will waste considerable time and money restoring them after his term.

Although the United States is the most powerful country, the global market is no longer a market that can be handled alone. It is more interconnected and has characteristics where strengths and weaknesses intersect, which increases the side effects.

It is expected that it will be quite difficult to restore the role of the next president due to the side effect of everyone except the United States becoming an enemy.

Now America began as a dictator without any allies, with only its own country to govern.

If in the first term, some of the key government positions played a check-and-balance role by pointing out problems in each field, it is even more regrettable that in the second term, it is filled with people who only reflect Trump's voice, and it is even more disappointing that it is progressing in an even more gloomy manner.

The various concerns within the United States have been growing since the beginning, and the transition back to an ally after Trump leaves office is expected to be quite painful.

However, if a similar leader emerges again, it will be difficult to see the United States in the future, and a culture that only pursues self-survival without allies or friends will gradually spread.

The tariff policy affecting us has also begun in earnest.

The global market is already in turmoil as a universal tariff of 25% is imposed on steel and aluminum, which play a key role among our exports.

Our industry is doing its best to maintain competitiveness while observing the global situation.

On the contrary, the imposition of these tariffs has reduced the cost of production that the domestic steel industry in the United States has not been able to raise. Our related industries are also trying to take advantage of the 10% increase as the cost burden of steel from Mexico and Canada increases.

There is an immediate side effect of the imposition of universal tariffs, which is increasing the burden on the United States itself.

Next, automobiles and semiconductors are being discussed as targets.

Although he declared that he would announce it on April 2nd, Trump recently declared that he would impose a 25% tariff on automobiles and a 25% tariff or higher on semiconductors.

The market is already fluctuating.

This is because not only our country but also Japan, Europe, etc. are concerned, and manufacturers that produce locally in Mexico and export to the United States are also concerned.

As the size of our trade surplus with the United States has recently increased, our country is ranked 8th in the world in terms of trade surplus with the United States.

In particular, automobile exports account for about half of Hyundai Motor Group's overseas exports, which is raising further concerns.

As the burden of reciprocal tariffs grows, the government is increasing its imports of American energy by about 20%, and Hyundai Motor Group has also significantly increased its investment in the United States, so the amount we have recently invested in the United States is astronomical.

Hyundai Motor Group has mentioned that it will not only build a dedicated electric vehicle plant in Georgia, but also invest in Hyundai Steel.

However, as it is impossible to avoid Trump's tariffs with this level of difficulty, they are putting in all their effort to increase their persuasiveness.

Our biggest weakness is that we have no counterpart to Trump.

The impeachment situation will take time to sort itself out in the latter half and for a president to be established who can deal with Trump.

From the perspective of Mujukongsan, the government has limited options, so each sector is fighting on its own and companies are banding together.He is currently working on creating various alternatives for the government and businesses across the United States.

It is a situation where there are bound to be limitations.

The problem is serious, but the limitation is that there is no way to do anything about it. In the future, there is a high possibility that tariffs will be imposed on automobiles, semiconductors, etc., and that subsidies and tax benefits will be reduced or eliminated due to significant revisions or abolition of the Inflation Reduction Act (IRA).

There are no restrictions on any items, including renegotiation of the defense budget and revision of the Korea-US FTA, so all targets are becoming models of unlimited attack.

Not only is the Ukraine war against Russia progressing unilaterally, but there is also a high possibility that future developments toward North Korea will proceed more unexpectedly.

There is also growing concern that we may be passed over.

The strategy we have is to negotiate by making the most of our available resources and capabilities.

It is about maximizing the capabilities of each role, regardless of public or private sector.

Ironically, our current unoccupied territory could be the catalyst for Trump to make our market a priority.

As a businessman, Trump has the tendency to impose tariffs and other measures to resolve issues in a lump sum from a position of superiority. However, since we are currently without a president, it is possible that direct actions such as imposing tariffs may be delayed compared to other countries.

The idea is to persuade as much as possible to extend this period and buy time while persuading, thus creating a golden time for preparation.

Of course, we will need to show our efforts to reduce the trade surplus with the US by increasing investment in the US and making plans.

It would also be natural to increase the production ratio of various products, including automobiles, in U.S. factories to minimize the impact.

Especially in the absence of a leader in the first half of the year, Trump's simple imposition of tariffs has the aspect of only giving anti-American sentiment to the Korean people, given the limited negotiating power, and considering China's recent love calls, it is clearly more detrimental to the United States than beneficial.I would say that we need to convince people that the point is big.

The logic that if we only look at one or two characteristics and only increase negative views such as imposing tariffs, we will only increase overall negative views among the Korean people is clearly significant.

Although direct imports and exports are key, it will also be necessary to emphasize non-trade balances such as tourism and study abroad.

This part is a huge deficit for the United States and for us, so we need to emphasize the overall aspect.

It might be best to bundle the whole thing together and offer a package deal.

It is necessary to emphasize that the relationship between our country and the United States is not one that can be negotiated simply over one or two products, and that it plays a major role in the conflict between the United States and China, and that it is not a relationship that is simply based on trade, with issues such as North Korea and Russia, representative allies, and the dynamics with the United States.

Another excellent method is to make a package deal by utilizing our various strengths, such as the ships and warships that the US wants, as well as fighter jet maintenance.

It might also be a good idea to advance the methods discussed during the first Trump administration. At that time, some issues related to automobiles and parts were resolved through concessions, such as the renegotiation of the Korea-US FTA and a 10-year extension of the pickup truck agreement.

Steel and aluminum have utilized various methods depending on the field, such as the screen quota system.

As various negotiations, including Trump's tariff offensive, continue, it is time to do our best to calmly analyze each issue and employ various response methods, such as lobbying.

Korea and the United States are bound together by a diversity that cannot be simply explained by trade, and recently, they have been playing a key role in the last bastion with Russia, China, and North Korea.

Of course, one American president cannot change this long-standing and close relationship with a one-time policy, but it is expected that he will play a role in picking at it and making a fuss.

I hope that at times like these, the people of both countries, led by academia, industry and research, will play a more united role and that we will overcome these difficult times.

In particular, we should not trust too much and take care of our own things properly, and stabilizing national defense and other areas will be our basic conditions.

Recently, we have all seen the very unfortunate sight of Ukrainian President Zelensky's failure to negotiate with the U.S. White House, and the common understanding that we must have about the importance of our independent national defense is something that all of our people can feel.

This is an era where each person must survive on his own.