Supply Chain Research

President Trump’s forthcoming Asia tour will be an opportunity to address trade issues with countries accounting for 63% of the U.S. global trade deficit. In Japan (from November 5) there was a recent commitment to announcing new energy deals. So far the U.S. only accounts for 1% of Japan’s oil product and LNG imports, while Japan accounts for 1% of U.S. oil product exports and 11% of LNG. For South Korea (11/7) there are already ongoing negotiations to “amend” the KORUS trade deal, but there are easy wins in oil products and soybeans that could add $1.4 billion to U.S. exports. China (1...