U.S. Trade Policy After the Mid-term Election and Its Implications for Korea

Abstract

The U.S. mid-term election, held on November 6th, resulted in a divided Congress. The Republicans held on to secure the Senate while the Democrats took control of the House of Representatives. While the domestic issues surrounding Obamacare, women's rights and the appointment of a new Supreme Court nominee appear to have played important roles in shaping the election outcomes, other countries were more keen on evaluating the impact of the election on their economies and politics. More particularly, how the Trump administration's trade policy will unfold is of particular concern for many countries. This short article discusses possible turns of events regarding U.S. trade policy following the mid-term election and its implications for Korea.