Trump's "only way to grow the U.S. economy" remarks on "2,000% tariff" [Y Record]

■ Host: Anchor Lee Jung-seop, Anchor Cho Ye-jin
■ Starring: Professor Lee Jung-hwan, Hanyang University School of Economics and Finance

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information. Please specify [YTN News START] when quoting.

◇Anchor> Ahead of the U.S. presidential election, the two candidates continue to attract attention, and former U.S. President Trump mentioned that tariffs are the only way to grow the U.S. economy, saying that tariffs are the only way to do it. What do you think?

◆Lee Jung-hwan> I'm not actually saying I'm going to impose a 2000% tariff, but there's context. What former President Trump said can be seen as a position to protect Korea's own automobile industry even if we impose a 2000% tariff on cars imported from Mexico. Rust Belt is the center of the election. Since the automobile industry is the center of the Rust Belt, it can be understood as a big message to protect and foster the U.S. automobile industry. Mexico, the United States, and Canada have been talking about Mexico for a long time, but through NAFTA, you can move without tariffs. That's why companies in other countries set up factories in Mexico and export them while bypassing tariffs. In particular, as there are rumors that Chinese companies are using this side a lot, it is a position to protect the U.S. industry even by raising the tariff barrier against Mexico, and the current tariff plan itself is generally about a 10% increase and a 60% increase for China.

◇ Anchor> And the US presidential election is very related to us, so wouldn't there be a contribution to defense costs? President Trump is even using the expression "money machine" in Korea, and he seems to see it almost as a wallet. He said he would pay 10 billion dollars and 13 trillion won. If Trump is elected, the renegotiation of the contribution will come forward, right?

◆Lee Jung-hwan> I think many people are expressing their opinions that they have already set it as a political agenda and that they will come forward in terms of performance. In the end, the comment came out in person yesterday, and the news about this continues to come out, but we have a logic that 46,000 U.S. soldiers are not paying for the U.S. military, so if President Trump says he will be re-elected in the future, it is likely that he will come out very strongly about this. It's not true, but let's say it's populism. I think I can tell you that the Trump administration is going strong because it is an agenda that increases U.S. profits from a populist point of view.

Excerpted from
: Lee Eun-bi, editor of the digital news team

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