Trade Wars and Economic Policy

Abstract

This thesis examines the impacts of the U.S.-China competition on South Korea’s economic growth, development, and performance. Through an analysis of trade patterns, industrial operations, and policy response, the study determines how high U.S. tariffs, particularly under recent administrations, have adversely affected South Korea’s export industry. In addition to tariff pressures, South Korea has also been affected overall by supply chain interruptions and shifts in global trade patterns. Industries such as semiconductors and electronics have also been affected significantly. The findings underscore the urgent need for South Korea to diversify its trade partnerships and enhance its strategic trade policies in response to the evolving global economic landscape.