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Scenario claims: The world has been fixated on Donald Trump's tariffs on China. But a new trade war is emerging in Asia-This time between Japan

Scenario claims:

  • The world has been fixated on Donald Trump's tariffs on China. But a new trade war is emerging in Asia-This time between Japan and South Korea.
  • What started as a historical dispute over forced labor during Japan's wartime rule on the Korean peninsula has swiftly turned into a major economic and political crisis for Seoul. Tokyo believes that compensation for wartime forced labor was settled under a 1965 treaty.
  • Boycotting Japanese made goods; Some international experts are worried that Mr Abbott is following the Trump playbook and weaponized trade.
  • Any long term disruptions to the South Korean companies will cause serious headaches across the global technology supply chain. There are also fears that the dispute will drive a lasting whinge between these key U.S. allies in Asia.

Based on the above scenario of Japan-S. Korea Trade War:

  1. What are the issues of development in trade dispute between South Korea and Japan and how they are impacting international finance today.
  2. what claims do you agree or disagree about the Japan-S. Korea Trade War
  3. Explain why you agree or disagree with the claims.

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