Trump says he doesn't mind renegotiating the US-South Korea trade agreement
During a meeting with South Korean President Lee Jae-myung, Trump expressed a willingness to renegotiate the U.S.-South Korea trade agreement and consider ordering ships from South Korea. Under the existing agreement, South Korea will provide $350 billion to the United States for investment projects covering shipbuilding, semiconductors, and other fields. Lee Jae-myung mentioned that this funding will support South Korean companies entering the U.S. market, with $150 billion specifically allocated for U.S.-South Korea shipbuilding cooperation. Additionally, Trump also mentioned reaching an agreement with South Korea on the Alaska oil issue
On August 25th, local time, U.S. President Trump met with South Korean President Lee Jae-myung at the White House. Trump stated that he would not mind renegotiating the trade agreement with South Korea and is considering ordering some ships from South Korea. Previously, the U.S. and South Korea reached a trade agreement. According to the agreement, South Korea will provide $350 billion to the U.S. for investment projects owned and controlled by the U.S. On July 31st, Lee Jae-myung stated that the $350 billion investment fund included in the U.S.-South Korea agreement "will help South Korean companies actively enter the U.S. market in areas where South Korea has advantages, such as shipbuilding, semiconductors, batteries, biotechnology, and energy," with $150 billion designated as a dedicated fund for U.S.-South Korea shipbuilding cooperation, providing strong support for South Korean companies entering the U.S. shipbuilding industry. During the meeting with Lee Jae-myung, Trump also mentioned reaching an agreement with South Korea on the Alaska oil issue. The U.S. government announced on June 2nd that it plans to lift federal protections implemented during the Biden administration in the Alaskan wilderness, allowing drilling and mining in the area. (CCTV)
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