Howard Lutnick@howardlutnick
President Trump had an exceptional meeting with South Korean President Lee. As a result of this meeting, the Koreans have agreed to invest $350 billion in America. These investments will be directed and approved by the President. President Trump has designated shipbuilding as the first investment category, with at least $150 billion committed to building ships in America. He has also approved the construction of nuclear-powered submarines in Philadelphia by great Korean shipbuilders. Rebuilding America’s shipbuilding is fundamental to our national security.
Additionally, President Trump will direct another $200 billion across projects built in America, including the Alaska Natural Gas Pipeline, energy infrastructure, critical minerals, advanced manufacturing, and AI and quantum computing.
South Korea has also agreed to FULLY open their markets. 100%!
Korean rates will be set at
• 15% reciprocal tariffs for the Korean economy
• Autos and auto parts will also be set at 15%
• Semiconductor tariffs are not part of this deal