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Stock impact report

Opinion: Trump shakedowns are threatening two key U.S. alliances in Asia [Los Angeles Times (CA)]

National Security Group, Inc. (NSEC) 
The U.S. is moving toward a rupture with two important allies, South Korea and Japan. Already, President Trump has reportedly demanded a five-fold increase in the amount South Korea pays toward the cost of stationing U.S. forces there, raising the amount to $5 billion a year. Reports suggest that Washington is likely to seek a similar increase from Tokyo to support the cost of U.S. troops based there in next year’s negotiations. For decades, Trump has derided America’s allies as “free-riders” who don’t pull their own weight. That is an inaccurate depiction of the large contributions provided to the U.S. by South Korea and Japan over the decades. South Korea spends 2.6% of its gross domestic product on defense; that’s more than any of our European allies. By 2022, South Korea will be among the world’s top five or six highest spenders on defense. Seoul paid 92% of the $11-billion cost for building Camp Humphreys, the largest U.S. base on foreign soil, and over the last four years, South Show less Read more
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