Trump to unveil $200 billion investment in US projects by S. Korea, White House says
WASHINGTON — President Donald Trump will announce on Wednesday plans for South Korea to invest $200 billion in U.S. projects, including $54 billion to build the long-planned Alaska liquefied natural gas project, a White House official said. The announcement will detail the first major projects under a broader $350 billion strategic investment package South Korea made as part of a trade agreement…
President Donald Trump is set to reveal on Wednesday that South Korea intends to invest $200 billion in U.S. projects, according to a White House official. The White House disclosed that this investment forms part of a larger $350 billion strategic investment package that South Korea agreed to as part of a trade agreement with the United States last year.
The $350 billion package is divided, with $150 billion earmarked for shipbuilding and $200 billion designated for strategic investments. The White House official further revealed that the investments would encompass the Alaska liquefied natural gas pipeline project, eight substantial nuclear power plants, and a 6-gigawatt power generation facility located in Texas.
The announcement aligns with Trump's strategy of emphasizing economic and investment deals leading up to the November midterms, as he attempts to bolster his economic record amidst voter apprehensions regarding the Iran conflict and escalating gasoline prices. This move is also significant as it comes at a time when Republicans are striving to retain Senator Dan Sullivan, who is currently in a competitive race against Democrat Mary Peltola.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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