South Korean president says his country can't afford Trump's demands [View all]

(The Hill) South Korean President Lee Jae Myung said in an interview with Reuters that his country cannot afford to meet President Trump’s demands that it invest $350 billion into America in exchange for the removal of punishing tariffs.

“Without a currency swap, if we were to withdraw $350 billion in the manner that the U.S. is demanding and to invest this all in cash in the U.S., South Korea would face a situation as it had in the 1997 financial crisis,” Lee told Reuters through a translator, explaining the demands would plunge the country into a financial crisis.

“Reaching detailed agreements that guarantee commercial reasonableness is now the central task — yet it also remains the biggest obstacle,” Lee said.

https://www.yahoo.com/news/articles/south-korean-president-says-country-132957864.html