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US Midterm Results and the Rising Risks to Korea-US Relations

November 8, 2026 Priya Shah – Business Editor Business

Following last week’s midterm elections in the United States, Democrats secured control of both the House and the Senate for the first time in twenty years, dealing a severe rebuke to President Donald Trump over the past two years of policies.

The Democratic legislative majority means the White House can no longer pass preferred bills or budgets without opposition cooperation. Consequently, executive vetoes and administrative orders remain the primary tools to counter legislative power.

Committees will likely form to investigate financial dealings involving the president’s family while summoning administration officials to testify. Internal dissent among Republicans is also projected to grow.

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Yet lame-duck presidents retain broad discretionary authority over foreign policy and national security. Congress possesses few mechanisms to check unilateral executive actions in these domains.

Frustrations in domestic policy may push the administration to seek diplomatic outlets, further straining bilateral ties between Seoul and Washington. The primary concern centers on an overemphasis on U.S.-North Korea summits.

Pyongyang has little incentive to engage unless Washington abandons hostile policies and validates nuclear capabilities. Economic conditions in North Korea have stabilized through cryptocurrency hacking revenue and Russian backing.

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President Trump maintains an intense focus on securing a Nobel Peace Prize, demonstrated during an October 26 campaign rally where complaints about the Norwegian government consumed ten minutes of remarks.

As the administration pursues meetings, the price demanded by Pyongyang will likely increase. No security gains for Seoul are expected from such summits.

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Execution of the joint fact sheet agreed upon during last November’s summit faces renewed hurdles. Supplying nuclear-powered submarine fuel in exchange for 350 billion dollars in U.S. investments appears increasingly improbable.

Foreign transfers of military nuclear fuel fall outside the scope of bilateral nuclear cooperation agreements under Section 123 of the U.S. Atomic Energy Act. Such transfers require special legislative approval from a non-proliferation-focused Democratic Congress.

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State Department officials showed little inclination to execute the presidential pledge from the outset. Officials pursuing submarine cooperation now risk congressional interrogation and oversight accountability.

Abandoning nuclear fuel cooperation is viewed as the pragmatic choice.

Without promised nuclear submarine fuel, political justification for large-scale U.S. investments diminishes. Tariff threats remain a risk for allies failing to fulfill investment pledges, though Democrats opposing tariff-driven inflation could challenge the administration.

Financial metrics dominate bilateral discussions. Operational control transition, while uncomfortable for military leadership, offers the White House a chance to reduce fiscal burdens.

The joint pact outlines South Korean purchases of 25 billion dollars in American weapons by 2030 alongside 33 billion dollars for stationing costs. Urgency regarding operational control transfers allows Washington to demand compliance.

Bilateral relations will likely remain strained in the near term. Skepticism within U.S. political circles regarding the current administration’s diplomatic orientation undergirds the tension.

Intelligence sharing depends directly on mutual trust. Addressing policy alignment and managing expectations remains more prudent than pursuing unyielding diplomatic initiatives.

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