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South Korea's September 2026 customs surplus reportedly reached $50 billion
Brad Setser says Korea's trailing three-month trade surplus was approaching $500 billion at an annualized rate.
TLDR
Brad Setser said South Korea posted a $50 billion customs surplus in September 2026, equivalent to $600 billion annualized. He said its trailing three-month trade surplus was approaching $500 billion annualized, far above the EU's surplus excluding Ireland. He also described US firms borrowing huge sums to buy Korean and Taiwanese chips.
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