The agreement so favors
While Korean manufacturers also will benefit from the agreement, Hufbauer thinks the
The upshot is that the
One concern is that the Big Three car companies could see sales hurt by lower import taxes on imported sport-utility vehicles.
“Koreans aren’t big suppliers of trucks now, but with this new trade agreement, the door is open,” Hufbauer said.
Hufbauer also said pharmaceutical suppliers like Eli Lilly and Co. and the entertainment industries are keenly interested in how
“The terms with respect to generic drugs is a concern, so the pharmaceutical companies will keep a close eye on enforcement,” Hufbauer said. “That’s a pretty serious issue in their industry.”