Prime Minister Candidate Deok-soo Han puts the free trade system of “absolute application of productivity competition” in front of the Trump system's retaliatory tariff policy against China, which is opposed to the Biden Democratic Party's policy of strengthening fair trade in the US.
In a statement on the 3rd, Prime Minister candidate Han said, "It is essential to strengthen diplomacy and national defense for the sake of national interest, and to maintain fiscal soundness, an international balance of payments, and a country with high productivity." "An unequal society lowers such total factor productivity. A society without integration and politics without cooperation lowers such total factor productivity,” he said.
One candidate for free trade, in particular, prioritizes 'productivity improvement' and defines 'politics without co-ordination' as an obstacle to productivity, saying, First, the policy application took precedence over the cooperative stage.
Candidate Han, chair of the Korea-US FTA conclusion support committee, said in July 2006, “If the Korea-US FTA is signed, GDP will increase and tax revenue will increase. The trade strategy was revealed.
Catherine Tai, the head of the US Trade Representative (Democratic Party), announced "the reorganization of the US-China trade relationship" at a hearing in the House of Representatives on the 30th of last month and said, "How will China's strategy of imposing heavy tariffs affect China's trade policy? He acknowledged the failure of Republican Trump's tariff policy on China and announced the decline of free trade and the application of fair trade.
He continued, "In order for our industry to continue to be competitive, we must develop new domestic tools and make strategic investments in our economy with the goal of protecting our economic interests," he said in the US manufacturing strengthening strategy. He announced the revival of tariff exemptions (removal of the Republican tariffs) and priority for US economic reform.
“The core of our strategy is to secure cooperation with our allies to create a fair and open market,” he said earlier. Not only that, but it affects the world and billions of workers.” He announced the Biden Democrats' Fair Trade as a CSIS speech, heralding the Republican Party to break free trade pressure policies to expand the free market and Democrats to strengthen Fair Trade.
In a speech at the Center for Strategic Studies (CSIS) on October 5 last year, he said, "We will have an honest conversation with China" on China's trade policy. Clearly, the 'conversation before application' was presented as fair trade.
The Trump regime agreed to purchase an additional $200 billion of U.S. goods and services from 2017 to 2020 due to pressure from China. used as a weapon
He denies the Republican party's decoupling between the United States and China, saying it "doesn't look like a realistic outcome from an international economic point of view," while the Biden administration called it "recoupling."
The Republican Trump regime tried to negotiate a North Korea-U.S. summit by negotiating an economic system transformation on the North Korean nuclear program under the pretext of immortality of war, and the Moon Jae-in administration led the productivity system competition with socialism by increasing arms, while the Biden Democratic Party separated military pressure and denuclearization negotiations. This year, the State Department shifted its policy to diplomacy and dialogue superiority.
At the hearing, Tai said, "We can't just wait for China to change." "The foundation of our manufacturing industry must return to its home country and rebuild." Regarding the Republican-style free trade, he said, "The existing mechanism was either too slow or inefficient to effectively solve the distortion problem that China was targeting in the industry. revealed failure.
Prior to the Biden Democratic Party's 'innovation bill' proposal, he revealed as an example the execution of a budget of $52 billion to strengthen the supply chain construction related to domestic semiconductor research and production in the United States by the US relief bill.
In a statement about inflation, one candidate said, "Inflation, that is, the price level, is rising because the supply of these parts industries around the world is being disrupted." International trade obstacles were applied rather than inflation caused by oversupply.