Former President Donald Trump (left) and the Vice President of the Liberal Democratic Party of Japan, Taro Aso, meet and speak at Trump Tower in New York on the 23rd. /AP Yonhap News
Amid efforts by countries to prepare for former President Donald Trump to prepare for his possible return to power, Reuters reported on the 24th, “K Street is asking what will happen to the Inflation Reduction Act (IRA) and what is Trump’s view on trade. .” “It’s full of Koreans who are curious about what it’s like,” she said. K Street, located close to the White House in Washington DC, is a place where a large number of law firms, lobbying firms, and consulting firms closely related to US politics and relations have summarize them. Ahead of November’s presidential election, we are facing a ‘big problem’, and US allies, including Korea, are said to have a ‘big hand’ here.
On this day, Reuters quoted a former Korean government official in Washington as saying, “Biden keeps an eye on foreign governments, so Seoul (Korea) prefers to read Trump’s thoughts through a lobbying company.” This is called a ‘stealth approach’, and like a stealth fighter who is not caught by radar, he is said to be moving ‘low-key’ to build rapport with Trump and understand Trump’s position on trade issues. This contrasts with Japan, where Liberal Democratic Party Vice President Taro Aso, a former prime minister and political powerhouse, is expanding ties despite threats from the Biden administration, such as visiting Trump Tower in New York on the 23rd and meeting with Trump . Korea has contracts with big law firms like ‘Brainstein Hyatt Faber Schreck’, which earned $16.2 million (about 22.3 billion won) in the first quarter of this year alone.
The Biden administration considers the IRA as its representative political enemy, but Trump and those around him are negative about this. This is because Biden has released huge subsidies while promoting a ‘green agenda’ such as the development of environmentally friendly energy and the distribution of electric vehicles, and this is seen as the main cause of well-established inflation. In an interview with this newspaper in January this year, the general director of Pole Dance, who drew up the American Heritage Foundation’s ‘Project 2025’, known as ‘Trump’s promise book’, said, “It is positive that foreign companies have invested” n heavy in the country, but only some local politicians in Washington benefit. If Trump succeeds in coming back to power and the abolition of the IRA becomes a reality, the impact on Korean companies that operating in the United States, such as Hyundai Motors, is inevitable.
Japan is known to use about 20 lobbying firms to contact US politics and relations, and in February signed a new contract with Ballard Partners, a Florida lobbying firm known to be close to Trump. A senior official at this company said, “Many of our company’s employees have maintained a long-standing friendship with the former President (Trump).” Other US allies are also busy trying to forge a line with Trump. British Foreign Secretary David Cameron recently had dinner with Trump at his Mar-a-Lago home and discussed the Ukraine, Israel, and the Hamas war. Germany, where Trump has expressed negative views several times during his presidency, is said to be contacting pro-Trump lawmakers and stressing that “Germany is investing heavily in the US economy.”
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