How War With North Korea Would Impact the Global Commodity Trade
North Korea is an ant surrounded by elephants
Should U.S. President Donald Trump unleash “fire and fury” on North Korea, it will bring conflict to the core of the global commodity trade.
North Korea is an ant in the world of raw materials, as years of sanctions have more or less isolated it from international markets. But it’s an ant surrounded by elephants. China takes more than half the world’s soybean shipments. Japan is the world’s largest importer of liquefied natural gas. South Korea is among the biggest buyers of coal and sellers of steel. The three countries combined import about one-third of the world’s seaborne crude oil……….
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