▶ Donald Trump is back. How will the return of Trump, who initiated the U.S.-China trade war with tariffs, affect global competition in trade, innovation, and industrial policy? What strategy should Korea adopt in this situation?▶ This article examines the global risks South Korea may face if the newly elected Trump administration adopts an "America First" policy centered on tariffs and considers th...

►The Trump administration's aggressive trade policies, including tariffs and the renegotiation of the KORUS FTA, significantly disrupted South Korea's key industries, necessitating a whole-of-government approach to address trade and industrial challenges. ►South Korean companies, while responding to U.S. policies like the CHIPS Act and IRA under the Biden administration, now face renewed uncertainties under Tr...

► The second Trump administration will continue pursuing the 'America first' agenda, emphasizing aggressive trade policies with universal baseline tariffs, substantial tax cuts, and federal deregulation to promote American manufacturing and innovation. ► The administration’s focus on deregulating the big tech sector, particularly in areas like artificial intelligence (AI) and space exploration, ali...