Tariff Tensions and Market Volatility in Asia

This chapter explores the significant sell-offs in Asian markets due to concerns over new U.S. tariffs on imported cars, alongside fears of a global recession. It analyzes South Korea's diplomatic efforts to address these tariffs, its rising exports to the U.S., and the resulting economic implications, all amidst the backdrop of South Korea's approaching elections. The discussion underscores the interconnectedness of global economies while highlighting the volatile financial climate and its historical parallels.