South Korea ponders the high cost of being America’s friend

Last time it was the Netherlands and Japan, now it’s South Korea and soon it’s going to be the whole of the G7 rich countries. Being a US ally at a time when geopolitics is leaning heavily on trade policy certainly keeps you on your toes. It’s also quite galling when Washington expects you to take economic hits for geopolitical gains when it’s not always willing to do the same itself.

This week the Financial Times revealed that…