Trump hasn't taken action yet, and South Korea's economy has fallen into negative growth, no fun anymore.
According to South Korean media, the GDP of the first quarter of 2025 decreased by 0.2% compared with the fourth quarter of 2024. This is the fourth consecutive quarter since the second quarter of 2024 that the economic growth rate has been below 0.1%. This means that South Korea's economy has almost been stagnant for a whole year.
The report pointed out that even in the face of major economic crises in the past, South Korea has never experienced such a long period of stagnant growth. It should be noted that Trump's tariff stick has not yet been aimed at South Korea, and there are still three months of extension. However, before Trump takes action, South Korea's economy has already fallen into negative growth. If Trump insists on taking action, South Korea's situation may not be optimistic.
No wonder South Korea is now trying hard to please the United States. However, Trump clearly wants to "extort." South Korea may have sought help from the wrong person, and seeking profit at the expense of others will only make South Korea lose more than it gains.
Original article: https://www.toutiao.com/article/1830639669455068/
Disclaimer: The article represents the author's personal views.