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 a substantial $200 billion investment plan by South Korea in U.S. projects, according to a White House official. The investment package, part of a broader $350 billion strategic accord signed last year, includes the Alaska liquefied natural gas (LNG) project, which has been long planned, receiving $54 billion.
Other major investments detailed in the $350 billion package are eight large-scale nuclear power plants and a 6-gigawatt power generation facility in Texas. The White House official emphasized that these investments aim to bolster the U.S. economy ahead of the November midterm elections, as Trump seeks to highlight his economic achievements in the face of voter concerns over the Iran conflict and rising gasoline prices.
The Alaska LNG project is particularly significant as it comes at a time when Republicans are trying to retain Senator Dan Sullivan, who is up for re-election against Democratic challenger 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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