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In diplomatic win for Trump, South Korea and China agree to normalize relations

Jacob Wohl

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Just ahead of President Trump’s scheduled visit to Asia at the end of the week, China and South Korea have agreed to normalize relations.

Reuters reports Seoul and Beijing have agreed to work swiftly to get their relations back on track following a year-long standoff over the deployment of a U.S. anti-missile system in South Korea which hurt trade and South Korean business interests in China.

he installation of the U.S. Terminal High Altitude Area Defense (THAAD) system in South Korea had angered China, which believed its powerful radar could be used to look inside its territory. South Korea and the United States have repeatedly said THAAD only serves to defend against the growing missile threat from North Korea.

“Both sides shared the view that the strengthening of exchange and cooperation between Korea and China serves their common interests and agreed to expeditiously bring exchange and cooperation in all areas back on a normal development track,” South Korea’s foreign ministry said in a statement on Tuesday.

South Korea’s President Moon Jae-in will hold a summit meeting with China’s President Xi Jinping on the sidelines of an upcoming summit of Asia-Pacific Economic Cooperation (APEC) countries in Vietnam on Nov. 10-11, a Blue House official said in a separate briefing on Tuesday. Read More

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Jacob Wohl is the CEO and Head of Fixed Income and Interest Rates for Montgomery Assets, a proprietary trading and asset management firm based in Los Angeles, CA. Jacob Wohl is the host of the Offended America Podcast

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