Republican presidential nominee and former U.S. President Donald Trump listens to speeches on the opening day of the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wis., Monday (local time). The convention comes just two days after a 20-year-old Pennsylvania man attempted to assassinate him. EPA-Yonhap

With the odds of former U.S. President Donald Trump’s reelection increasing following an assassination attempt on him last week, Korean businesses are cautiously anticipating potential policy changes and uncertainties that may arise during a possible second Trump presidency.

While there are clear concerns about the potential negative impact on the Korean economy, experts and industry officials stress the importance of adopting a prudent approach and carefully monitoring the actual administrative policies. They argue that Washington’s principle of demanding greater investments in the U.S. will likely persist unchanged, irrespective of whether Donald Trump or Joe Biden wins a second term in office.

During the Biden administration, Korea enjoyed a sharp growth in its trade surplus with the U.S. Korea achieved a historic trade surplus of $44.4 billion with the U.S. 커뮤니티 last year, the largest ever recorded in their trade history. Chances are high for a new record high this year, as the trade surplus reached $28.7 billion in the first half alone.

As a result, analysts are concerned that Trump might resort to imposing tariffs to address the trade deficit between Washington and Seoul. The Korea Institute for International Economic Policy said in a report in April that if the Trump administration implements stringent tariff measures, Korea’s annual exports to the U.S. could fall by as much as $24.1 billion.

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