South Korea created a new category of country specifically to punish Japan in their escalating trade war
- Japan and South Korea are in the middle of their own trade war, which has dramatically ramped up over the past month.
- South Korea's government on Monday announced that it will officially drop Japan from its list of preferred trading partners, and that it is placing Japan in a newly-created category of downgraded countries.
- As part of the new category, South Korean exporters of "strategic" goods will have to submit more paperwork and wait for longer before they can sell to Japan. Читать дальше...