[On-point] South Korea reaches deal before the trade deadline — but is it a win?

We're just a couple of hours away from the reciprocal tariffs taking effect.

South Korea and the United States reached a trade deal yesterday, allowing Washington to impose a 15% tariff on Korean imports.

For more on this, we're joined by Professor Greg Buchak, Professor of Finance at Stanford Graduate School of Business, Stanford University.

High tariffs are set to take effect just after midnight on Friday, and U.S. trading partners that have yet to strike a deal are now engaged in frantic, last-minute talks. What's your overall assessment of the Trump administration's tariff policy? Do you think pressuring countries has been effective in what he wanted to achieve --such as countering China?

South Korea and the U.S. have agreed to lower the tariff rate to 15%, with Seoul promising to invest 350 billion dollars in the United States. The Korean government says the deal puts South Korea on an equal, or even better footing than other countries and that it has helped remove trade uncertainties. What are your thoughts on the agreement compared to the deals Washington reached with other countries?

South Korean officials claim that Seoul's offer to help revitalize the U.S. shipbuilding industry was a key factor in securing the tariff deal. What's your view on the significance of that contribution?

Once the reciprocal tariffs take effect, how do you expect them to impact the U.S. economy and the broader global economic landscape?

Alright Professor Buchak, thank you so much for your insight today. We appreciate it.